The policy on testing requirements for discoveries made under New Exploration and Licensing Policy (NELP) Blocks. approved by CCEA allows the contractors to choose one of the following three options with regards to discoveries which are stuck on account of testing requirement:
1. Relinquish the blocks
2. Develop the discoveries after conducting Drill Stem Test (DST) with 50 percent cost of DST being disallowed as penalty for not conducting the test on time. The cost recovery for carrying out DST would be capped at US $ 15 million
3. Develop the discoveries without conducting DST in a ring fenced manner
Select the correct answer using the codes given below.
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