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Oil India and TotalEnergies signed a deal to boost deepwater drilling in India, aiming to cut reliance on imports.
Oil India and TotalEnergies have signed a Technology Service Agreement to boost deepwater and ultra-deepwater exploration in Indian offshore basins, including the Andaman, Mahanadi, and Krishna-Godavari regions.
The collaboration aims to support gas appraisal, stratigraphic drilling, and future bidding rounds, leveraging TotalEnergies’ global expertise.
The deal, signed in New Delhi with senior government officials present, is part of India’s effort to reduce its reliance on imported oil (80%) and natural gas (50%) and expand domestic production.
Officials view the Andaman region as a potential game-changer, comparable to Guyana’s energy success.
Oil India y TotalEnergies firmaron un acuerdo para impulsar las perforaciones de aguas profundas en la India, con el objetivo de reducir la dependencia de las importaciones.