Скачать или смотреть OIL Jackpot in Andaman and Nicobar | অর্থনীতি 20 Trillion

#oilreserves #andaman #crudeoil
OIL Jackpot in Andaman and Nicobar
OIL Jackpot in Andaman and Nicobar | অর্থনীতি 20 Trillion

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📖 ভিডিওর বিবরণ:
India's Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has revealed that India is very close to discovering a Guyana-scale oil field in the Andaman Sea, which could hold as much as 184,440 crore litres of crude oil. In an interview with The New Indian, Hardeep Singh Puri said the government’s recent reforms and aggressive exploration drive are laying the groundwork for a major find. He added that apart from smaller finds, a large-scale oil discovery in the Andaman region—similar to Guyana’s—could help expand India’s economy from $3.7 trillion to $20 trillion. If confirmed, a find of this scale—comparable to Guyana’s 11.6 billion barrel discovery—could reshape India’s energy landscape.Andaman crude oil reserve: “Only a matter of time before we find a big Guyana”
“When I made this statement about the Krishna Godavari Basin, at that point in time, that was one place. Now we have found green shoots, oil, and several other places. And I think it’s only a matter of time before we find a big Guyana in the Andaman Sea. So that is ongoing.”

The minister’s confidence follows increased drilling in previously inaccessible areas and a major push to attract investment in exploration.exploration.



Exploration costs high, but so are the stakes
Puri also pointed out the high costs involved in finding the oil drills. “It costs a lot of money. In Guyana, they dug 43 or 44 wells, each costing $100 million. It’s on the 41st that they found it," he said. “Here, ONGC this year has dug the maximum number of wells. Highest in 37 years.” In FY24, ONGC drilled 541 wells—103 exploratory and 438 development—investing ₹37,000 crore in capital expenditure, the highest in its history.

Union Petroleum and Natural Gas Minister Hardeep Singh Puri has announced that India is on the brink of a major crude oil breakthrough in the Andaman Sea, which can be compared to the massive discovery by Hess Corporation and CNOOC in Guyana.

This potential milestone follows strategic policy reforms introduced post 2016 which includes the shift from production sharing to revenue sharing arrangement.

According to the reports, India is currently importing nearly 85-86% of its crude oil and ranked as the world’s third largest importer after the U.S and China.





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