S&P Commodity Insights: the Mahanadi, Andaman Sea, Bengal, and Kerala-Konkan could hold up to 22 billion barrels of crude oil.
Currently, only 10% of India’s 3.36 million sq km wide sedimentary basin is under exploration.
Of India’s 3.14 million square kilometers of sedimentary basins, 1.3 million sq km are in deep waters.
