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Image Source : Energyinfra market Screenshot 2024 06 26 150148

India Eyes 22 Bn Barrels of Oil in Unexplored Offshore Basins


Last Update 16 July 2024

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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