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Indian exploration acreage


Indian exploration acreage

India is intensifying efforts to expand its oil and gas exploration acreage to enhance energy security and reduce import dependency. As of 2024, approximately 10% of the country's 3.36 million square kilometers of sedimentary basins have been explored. The government aims to increase this to 16% by 2025 and to 1 million square kilometers by 2030 . This expansion is facilitated through the Open Acreage Licensing Policy (OALP), which allows companies to select exploration blocks throughout the year. Recent reforms, including the reduction of approval processes and the introduction of the Oilfields (Regulation and Development) Amendment Bill, aim to attract investment and streamline operations in the upstream sector,
Indian exploration acreage, Indianpetroplus

#Indianexplorationacreage
#Indianpetroplus

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Last Update : May 15, 2025 12:36 PM
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Item  Owner  : Indianpetroplus
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