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flag India to launch ₹3,200 crore deep-sea drilling in 2026 to find oil and gas in new offshore zones.

flag India’s state-owned oil companies ONGC and Oil India plan a ₹3,200 crore deep-sea drilling campaign in early 2026 to explore offshore basins including Andaman, Mahanadi, Saurashtra, and Bengal. flag Supported by BP’s technical expertise and government reforms, the stratigraphic drilling aims to map underground formations and identify potential hydrocarbon reserves without immediate extraction. flag The project targets newly opened areas in India’s Exclusive Economic Zone, where nearly all previous restrictions have been lifted, to boost domestic production and reduce reliance on oil and gas imports. flag Results from the initial four wells, expected in 2026–2027, will inform future exploration and development, building on recent discoveries and encouraging investment through updated regulations and modernized data infrastructure.

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