A Glimmer of Hope for India's Energy Future The discovery of gas by Oil and Natural Gas Corp (ONGC) in a deepwater well off Odisha's coast is being hailed as a major milestone for India's offshore energy exploration.
However, this find raises questions about the country's dependence on imported crude oil and its ability to meet ambitious targets for domestic hydrocarbon production.
The Samudra Manthan National Offshore Exploration Scheme aims to add over 600 Million Metric Tons of Oil Equivalent (MMTOE) to India's reserves by FY 2030 31.