Union Petroleum Minister Hardeep Singh Puri has said that a large reserve of crude oil and gas has been found in the Andaman Sea. He estimates that this petroleum reserve seems to be as much as the crude oil reserve found recently in Guyana.
At present, work is going on to research this reserve and the methods of extracting it and if it is found, the economy will benefit greatly in the long run.
Crude oil reserves are very important for India.
You can guess how important this reserve of crude oil is for India from the fact that we currently import 85 to 86 percent of our crude oil needs from other countries. India currently buys crude oil from 42 countries, but the ongoing war between Iran and Israel can affect it.
How much crude oil reserves are likely to be found in Andaman
India imports about 46 percent of its total oil from West Asia and the ongoing tension between the two countries is likely to make oil expensive here. According to the Union Minister, this liquid gold found in the Andaman Sea seems to be as much as the reserves found recently in Guyana. Recently, 11.6 billion barrels of oil and gas have been found in Guyana, which was discovered in collaboration with a Chinese company. After this reserve, Guyana can reach the top in crude oil production. Currently, it is at the 17th position.
India's oil reserves are also about 12 billion barrels.
The special thing is that Guyana dug 46 wells and did not find any oil. When they dug the 47th well, they found oil and then it became the biggest discovery. It is believed that India's oil reserves are also about 12 billion barrels. The Union Minister said that if this oil reserve is as per our estimate and it can be extracted, then not only India's energy needs will be met in one go, but the economy will also get a boost.
The minister also said that India can find many oil and gas reserves in Andaman like Guyana. He told about the digging done in some wells and the oil and gas reserves found there. He said that a well named Suryamani was found to have a capacity of 40 lakh tonnes of oil. The Neelmani well has been found to have a capacity of 12 lakh tonnes of oil. In another well, reserves of both oil and gas were found at a depth of 2,865 meters. He said that oil was found in many wells and now it is being assessed.
PM Modi's Malda Rally: PM Modi lashed out at the TMC; said that infiltrators are snatching away people's rights, and action will be taken as soon as a BJP government is formed.
At a rally in Malda, West Bengal, Prime Minister Modi delivered a major political message, highlighting central government schemes, the BJP's expansion, and sharply attacking the Trinamool Congress
IND vs SA: 'I want to apologize,' Arshdeep Singh publicly apologizes to his coach, and also makes a special request to the cameraman.
After defeating South Africa in a one-sided match in the third T20 played in Dharamshala, the Indian cricket team's bowling coach Morne Morkel expressed his happiness with the bowlers' performance. He
Atheist Krishna: 'Atheist Krishna' is no more. Rupali Ganguly expressed grief; PM Modi and Akshay Kumar had praised him.
'Atheist Krishna', who created a unique identity in the digital world due to his memes, is no more in this world. Krishna, who was known for his funny memes and emotional photo editing, died of
PM Modi expresses displeasure over NCERT content, directs accountability; those responsible will face action
In a controversy that has escalated tensions between the central government and the judiciary, Prime Minister Narendra Modi has expressed deep displeasure over the content related to "corruption in
Mamata Banerjee: Complaint filed against Mamata Banerjee in Delhi Police video case, Bengal CM said – Bengali speaking migrants are being tortured.
Bengal Chief Minister Mamata Banerjee on Tuesday launched a scathing attack on various national commissions and the BJP-led central government, accusing them of turning a blind eye to the alleged
'We pray for his relief, Sonu Sood prays for Rajpal's bail before the court hearing
The Delhi High Court is scheduled to hear today the bail plea of Rajpal Yadav, who is lodged in Tihar Jail in a cheque bounce case. In the previous hearing, the court was not satisfied with the
Fighter Jet Crashes In Rajasthan: Major accident in Churu, Rajasthan, Air Force fighter plane crashes
A major plane crash has happened in Churu, Rajasthan. A fighter plane of the Air Force suddenly crashed in Ratangarh. This accident was seen in Bhanuda village.
Asia Cup: Tilak and Rinku have a golden record, the only batsmen with 500+ runs, 40+ average, and 150+ strike rate in T20
In T20 International cricket, Indian batsmen Tilak Verma and Rinku Singh have made a record that no other batsman has been able to achieve so far. Among the batsmen who have scored more than 500 runs
PM Modi: Will you stop in America while returning from Canada? Know why PM Modi rejected Trump's invitation.
US President Donald Trump invited Prime Minister Narendra Modi, who had come to attend the G-7 summit, to visit the US while returning from Canada. However, PM Modi said that he could not accept the
The Kerala Story 2 Trailer: 'My Salim is not like this...', the trailer will give you goosebumps; this story will shock you.
In 2023, a film made headlines everywhere: "The Kerala Story." "Kerala Story 2" is coming soon. The film has been in the news for quite some time, and the trailer has recently been released.