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India to develop Deepwater Exploration and Production (E&P) ecosystem with Norway
NF Times
|July 09, 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.
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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, Shell, and TotalEnergies, is the largest carbon storage project of its kind.
Deepwater Exploration and Production (E&P) technologies is the advanced methods, tools, and systems used to locate, drill, extract, and process oil and natural gas from reservoirs located deep beneath the ocean floor—typically at depths greater than 500 meters (1,640 feet).
Cette histoire est tirée de l'édition July 09, 2025 de NF Times.
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