indiaSource: The Times of IndiaPublished
India Approves National Offshore Exploration Program
india · The Times of IndiaThe Indian government has approved a major national offshore exploration program to boost oil and gas production, aiming to reduce the country's dependence on imports. The program, worth Rs 84,084 crore, will focus on deepwater and ultra-deepwater areas through seismic surveys, exploratory drilling, and infrastructure development.
At a glance
- The program aims to increase oil and gas production in India's offshore basins.
- It will focus on deepwater and ultra-deepwater areas through large-scale seismic surveys and exploratory drilling.
- The program is expected to reduce India's dependence on oil imports and boost the country's energy security.