Govt dives deep for oil with ₹80k cr push
Synopsis India plans an Rs 80,000-crore incentive package for deepwater oil exploration. The government will fund up to half the cost of drilling exploratory wells
Synopsis India plans an Rs 80,000-crore incentive package for deepwater oil exploration. The government will fund up to half the cost of drilling exploratory wells.
This initiative aims to reduce exploration risks and attract global companies. India is also auctioning eighteen deepwater and ultra-deepwater blocks. The bid deadline is September
seventeenth for these blocks.
The BriefWire