The rest of the reduction was from developed projects, where the equipment to extract the oil and gas are in place.
The group wants companies to declare the amount of money being paid to governments for the rights to extract oil, gas, and other natural resources.
It is estimated that these companies, along with others, will invest more than $20 billion the next decade to extract the region's oil and gas.
The oil companies will build the plants that extract natural gas from the ground, and ships to transport it.
Its business is the old-fashioned one of extracting oil, gas, and minerals.
Reliance & Cairn are making efforts to extract oil and gas.
The basin has come to increasing public attention in recent years because of widespread drilling to extract natural gas.
By the 19 th century, gas extracted from coal was being used for street lighting in London.
By the end of the season, the crews working here succeed in extracting gas from these formations.
There are 860 wells in various municipalities extracting crude oil and natural gas.