India enters new deep-water era
India’s plans for its deep waters could take its energy industry into a new phase
Sparked into action by prime minister Narendra Modi's grand plan for India's manufacturing industry, the oil and gas industry has embarked on an era of deep-water exploration. To date, the Satellite field lying at 1,700m is where the main action is, but there's more on the way. In late April, BP and India's Reliance Industries sanctioned the second phase of development of this cluster of deep-water gas fields on the east coast. The first phase, the "R-Series" field, went ahead in mid-2017. When the third phase starts up, the result of a $6bn investment, the field is slated to deliver a total of about one billion cubic feet a day of gas by 2022. In another sign of confidence in deep-water Ind
Also in this section
18 November 2024
The company is on track to boost import terminal capacity by 40% in three years, CEO Akshay Kumar Singh tells Petroleum Economist
15 November 2024
With Chevron and AIM-listed Challenger Energy having completed their Uruguayan farm-out deal, Challenger CEO Eytan Uliel updates Petroleum Economist on the firm's progress in the frontier basin
14 November 2024
The country is seeking to secure its position as a major global refiner and meet rising domestic requirements
13 November 2024
IOCs are focused on the next wave of exploration activity in Namibia and are keen to learn from one another’s results
