New Delhi: The Andaman Basin holds the potential for major offshore oil discoveries on the scale of the Guyana basin, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Thursday at Urja Varta 2025.
“I am positive we will find several fields of the size of Guyana, particularly in the Andaman Sea,” Puri said during a fireside chat session at the event.
The Minister linked the confidence to India’s access to high-quality geoscientific data, robust regulatory support, and de-risking policy incentives aimed at attracting upstream investments. He said the basin is expected to play a central role in India’s deepwater exploration roadmap.
Puri also spoke about the expansion and modernisation of India’s seismic database, extensive seismic surveys, and the digitisation of upstream data through the National Data Repository to improve investor access and transparency.
The second edition of Urja Varta, organised by the Directorate General of Hydrocarbons under the Ministry of Petroleum and Natural Gas, brought together over 700 delegates, including Union and state ministers, industry leaders, and domain experts.
