India's Oil Hunt Deepens Offshore

  Published 8 months ago

India's offshore oil push gains pace, led by ONGC-OIL discoveries, Andaman focus, and major policy reforms boosting exploration.

  • Over 172 hydrocarbon finds since 2015; 62 offshore, with ONGC-OIL targeting ultra-deepwater Andaman prospects.
  • Revised policies, including HELP and OALP, unlock 1 million sq. km for exploration; $100 billion investment expected by 2030.
  • ANDW-7 wildcat well in East Andaman shows light crude traces, confirming an active petroleum system with promising commercial potential.

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