Driven by Prime Minister Sh Narendra Modi’s objective of energy self-sufficiency by 2047, Oil and Natural Gas Corporation Limited (ONGC) is substantially improving E&P while also venturing into Green Energy. Union Minister Hardeep Singh Puri examined their projects and steps to improve production.
The GoI’s efforts to improve access to high-quality data, convenience of doing business, provide a favourable contracting framework, and increase acreage by removing no-go zones are already yielding positive benefits.
[nearly 200,000 square kilometres of the nearly 9.1 lakh square kilometres of no-go zones that have lately been opened up have already been tendered. Another 200,000 square kilometres of this region is currently being bid on.
This covers frontier blocks with minimal well/data coverage and untested deepwater for exploration.