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of <h1>Depositors Can Withdraw Funds for Equipment Removal Under Site Restoration Fund Scheme 1999, Following Government-Approved Plan</h1> A depositor can withdraw funds from their account under the Site Restoration Fund Scheme, 1999, only to cover expenses related to the removal of equipment and installations upon the expiry or termination of an agreement, or relinquishment of a contract area. This withdrawal must align with an abandonment plan approved by the Central Government and adhere to good international petroleum industry practices. The funds can also be used for site restoration and to cover necessary expenses to prevent hazards to life, property, or the environment due to such expiry, termination, or relinquishment.
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