Hydrocarbon Exploration and Licensing Policy(HELP) : ● This is a paradigm shift from Production Sharing Contract(PSC) regime to Revenue Sharing Contract(RSC) regime based on ease of doing business ● It provides for a single license for exploration and production of conventional as well as non-conventional Hydrocarbon resources. ● Open Acreage Licensing Policy(OALP) means to select the exploration blocks without waiting for a formal bit round. ● The salient features of Policy Reforms are as under: ◦ Shifting of focus from 'revenue' to 'production maximisation'. ◦ Shorter exploration period for early development. ◦ Fiscal concessions for early monetization and commercial production. ◦ Marketing and Pricing freedom for natural gas.