How much unexplored area is India planning to bid out for crude exploration?

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India Plans to Offer Approximately 250,000 Square Kilometres of Unexplored Area for Crude Exploration

India is preparing to tender approximately 250,000 square kilometres (96,500 square miles) of its unexplored territories for crude oil exploration. This initiative is part of a broader strategy to enhance domestic energy production, driven by recent disruptions in global energy supplies.
Bidding Out Unexplored Territories

The Indian government is in the process of putting up for bid a significant expanse of unexplored land, totalling around 250,000 square kilometres. This move aims to attract investment and expertise to identify and develop potential crude oil reserves within the country.
Comprehensive Exploration Programme

Beyond the immediate bidding process, India is embarking on an ambitious programme to explore one million kilometres of unexplored areas. This extensive exploration effort is backed by a substantial investment of US$10 billion, underscoring the nation's commitment to bolstering its domestic energy resources.
Strategic Importance of Domestic Exploration

The impetus for expanding domestic crude exploration stems from recent energy supply shocks, which highlighted the vulnerabilities of an import-dependent nation like India. By increasing domestic production, India seeks to reduce its reliance on external suppliers and ensure greater energy security.
Focus on Offshore Basins

A significant portion of India's untapped hydrocarbon potential is believed to lie in its offshore basins, particularly in the Andaman Sea. The government is working with international deepwater exploration experts to survey and exploit these reserves, viewing the region as an "ocean of energy opportunities."

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How much unexplored area is India planning to bid out for crude exploration?

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