Oil India plans ₹15,000 crore deepwater exploration spend
In short
Oil India plans to spend about ₹15,000 crore over three years on deepwater exploration. It plans drilling in the Andaman, Krishna-Godavari, Mahanadi and Kerala-Konkan basins, and said it sees no big technology or infrastructure problem.
This matters for Oil India’s offshore growth and for India’s push to explore more oil and gas at sea. It is still not clear how many wells will go ahead, because that depends on seismic data.
What the reporting says
Oil India plans to spend about ₹15,000 crore on deepwater exploration over three years, with drilling planned across the Andaman, Krishna-Godavari, Mahanadi and Kerala-Konkan basins. The company said it does not expect major technological or infrastructure hurdles, and the plan follows a recent Union cabinet offshore exploration scheme. The number of wells and final prospects remain contingent on seismic data interpretation.
Why it matters
Oil India is planning a roughly ₹15,000 crore deepwater exploration program over three years, with wells across several offshore basins and a push to strengthen seismic and drilling capabilities. The company says it does not see major technical or infrastructure obstacles. The move follows government support for offshore exploration, but the final number of wells and success of the prospects are still dependent on data interpretation.