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India to Develop Deepwater Exploration Tech
The New Indian Express Jeypore
|July 08, 2025
Petroleum Minister Hardeep Singh Puri on Monday announced that India plans to develop a comprehensive ecosystem for deepwater exploration and production (E&P) technologies as it prepares to explore over 2.5 lakh sq km under the Open Acreage Licensing Policy (OALP) Round 10.
The tenth round of OALP is set to be one of the largest offshore exploration bidding rounds globally. The announcement came following the Minister's visit to the Northern Lights CO2 Terminal in Bergen, Norway. The facility, funded by the Norwegian government and operated in partnership with Equinor,
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