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India on Brink of $20 Trillion Leap, 'Guyana-Sized' Oil Discovery Likely in Andaman Sea: Hardeep Puri

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India on Brink of ‘Guyana-Sized’ Oil Discovery in Andaman Sea: India petroleum minister Hardeep Puri

By Rohan Dua June 11, 2025 $20 trillion economy $3.7 trillion economy 000 crore 000 square kilometers 1 million square kilometers 1948 legislation 2016 reforms 250 3.5 million square kilometers 541 wells Andaman Sea capex development wells economic growth Energy Independence exploration policy exploratory drilling exploratory wells ExxonMobil FY24 green shoots Guyana Guyana wells Hardeep Singh Puri India Energy Sector industry players Krishna Godavari Basin largest bid legal clarity New Delhi newer fuels No Objection Certificates OALP OALP Round 9 oil and gas exploration oil exploration cost Oil Fields Regulation and Development Amendment Bill oil marketing companies oil reserve OMCs ONGC Open Acreage Licensing Policy Petroleum and Natural Gas petroleum leases policy shift predictability private players private sector production sharing public consultation public players regulatory clarity revenue sharing rohan dua sedimentary basin short-term profits the new indian traditional minerals transformative decade union minister ₹37

NEW DELHI: In an exclusive Interview with The New Indian, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri laid out a bold vision…

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