US EditionIndia Has Several Guyana-Sized Oil Reserves in Andamans, Says Hardeep Puri
- India's Petroleum Minister Hardeep Puri stated that India may possess several oil discoveries similar to Guyana in the Andaman Sea, with current explorations showing promising results.
- Exploration efforts have revealed significant potential, including 4 million metric tonnes of oil equivalent at Surya Mani and 1.2 million metric tonnes at Neel Mani.
- Puri mentioned that 38% of bids for exploration have come from an area of 1 million square kilometers opened under the Open Acreage Licensing Policy.
- India's current oil imports amount to 80%, and the minister believes that a five-billion-barrel discovery could change India's energy landscape significantly.
12 Articles
12 Articles
Hardeep Puri sees potentially 'several' Guyana-like oil and gas discoveries in India on the horizon
The minister was confident of oil and gas finds though he added it would be premature to speculate on the size of the reserve, adding that the exploration in the Andamans are pointing at 'good news' of turning into India's 'Guyana moment'.
India Has Several Guyana-sized Energy Reserves in Andamans: Hardeep Puri
Get latest articles and stories on Business at LatestLY. India is putting in all kinds of effort to ramp up its own traditional fossil-based energy production, and the latest push is to dig deep in the Andaman region. Business News | India Has Several Guyana-sized Energy Reserves in Andamans: Hardeep Puri.
India may be sitting on an oil jackpot in Andaman Sea that could transform its economy: Report - India Seatrade News
India may be inching closer to a game-changing offshore oil discovery in the Andaman Sea — one that could hold as much as 184,440 crore litres of crude oil and rival Guyana’s transformational find, Union Petroleum and Natural Gas Minister Hardeep Singh Puri hinted in an interview. “When I made this statement about the Krishna Godavari Basin… now we have found green shoots, oil, and several other places. And I think it’s only a matter of time bef…
India close to hitting Guyana-type 2 lakh crore liter jackpot in Andaman that may make us $20 trillion economy, says Oil Minister Hardeep Puri
Andaman crude oil reserve: India's energy sector anticipates a potential game-changer as exploration in the Andaman Sea hints at an oil field mirroring Guyana's massive discovery. Policy reforms, deep-water drilling advancements, and increased private sector engagement are converging to unlock previously inaccessible reserves. This could significantly reduce India's reliance on oil imports and propel economic growth.
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