India has 26 sedimentary basins covering an area of 3.14 Million Sq Km spread over onshore, shallow water and deep water. An area of about 1.502 Million Sq. Km i.e. 48 per cent of total sedimentary basin area does not have adequate geo-scientific data.
As a base to launch future Exploration and Production (E&P) activities, appraisal of all un-appraised areas has been approved and would be instrumental in increasing investments in domestic production of oil and gas. The project is being implemented by Oil India Limited (OIL) and Oil and Natural Gas Corporation (ONGC) at an estimated cost of `2932.99 crore.
India, ....
