Indian exploration acreage
The growth of Indian exploration acreage has been a key priority for the country’s energy security strategy. With rising oil and gas demand, India has consistently focused on expanding the availability of exploration blocks to attract both domestic and international investors. The government’s initiatives under the New Exploration Licensing Policy (NELP) and later the Hydrocarbon Exploration and Licensing Policy (HELP) have played a pivotal role in offering large areas of sedimentary basins for exploration.
India has 26 sedimentary basins covering an area of about 3.36 million square kilometers, out of which a significant portion is yet to be fully explored. Increasing Indian exploration acreage is seen as critical to reducing import dependence, as the country currently imports more than 80% of its crude oil requirements. By offering larger exploration opportunities, the government aims to unlock untapped hydrocarbon reserves, especially in frontier regions, deepwater, and ultra-deepwater blocks.
Recent policy reforms, including an open acreage licensing policy (OALP), allow companies to select areas of interest for bidding rather than waiting for government announcements. This investor-friendly mechanism has enhanced transparency and efficiency in awarding contracts, thereby boosting confidence in the sector. With growing private participation and the involvement of global energy players, India’s exploration landscape is becoming increasingly competitive.
For stakeholders, keeping track of developments in Indian exploration acreage is vital to understanding future energy trends and investment opportunities. Reliable platforms like Indian Petroplus provide exclusive insights, detailed reports, and timely updates on exploration acreage, policy reforms, and bidding rounds. By staying informed, companies can make strategic decisions and align with India’s long-term energy goals, Offshore India, Onshore Exploration, OALP, HELP Policy, Energy Security India, Make in India Energy.For exclusive stories on the oil and gas sector, please register on www.indianpetroplus.com