India Eyes 22 Bn Barrels of Oil in Unexplored Offshore Basins
India's lesser-known basins, including the Andaman Sea, hold 22 billion barrels of untapped oil potential. ONGC and Oil India are set to deepen offshore exploration. Petroleum Minister Puri emphasizes increasing exploration from 10% to 16% by 2024 to boost domestic production and reduce import dependency.
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