Has the Area for Oil and Gas Exploration in India Increased by 76% in the Last Decade?
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Synopsis
India has seen a significant rise in oil and gas exploration, with a 76% increase since 2014, according to Hardeep Singh Puri. This expansion illustrates the government's commitment to enhancing energy security and infrastructure, aiming for even greater advancements in the coming years.
Key Takeaways
- 76% increase in oil and gas exploration area since 2014.
- Exploration area projected to reach 1 million sq km by 2030.
- India's crude oil imports reached 242.4 million tonnes in 2024-25.
- Fuel prices in India decreased amid global increases.
- Ethanol blending in petrol rose to 20% by April 2025.
New Delhi, May 31 (NationPress) The area under exploration for oil and gas in India’s sedimentary basin has surged by 76 percent since 2014, according to Hardeep Singh Puri, the Minister of Petroleum and Natural Gas.
Speaking at the CII annual business summit, the minister noted that the government has expanded the explored area from 6 percent to 10 percent over the past ten years, with aspirations to reach 15 percent soon.
“Our goal is to extend India's oil and gas exploration footprint to 1 million sq km by 2030,” he stated.
Puri highlighted that India’s rapidly growing energy economy is thriving under Prime Minister Modi's leadership.
He emphasized that energy security is now a strategic imperative for India amidst a volatile global energy landscape marked by geopolitical shifts, conflicts, and climate responsibilities.
“In 2024-25, India imported approximately 242.4 million tonnes of crude oil, spending $137 billion on these imports, while diversifying its sources from 27 to 40 countries,” Puri remarked.
India has effectively managed the trilemma of energy availability, affordability, and sustainability during challenging times. Despite soaring global fuel prices, India has seen a decline in prices, thanks to proactive measures introduced by PM Modi for the citizens' benefit.
Puri added that with essential reforms and a renewed focus on growth, India is on a fast track to enhance its energy infrastructure and implement innovative solutions to accelerate the green energy transition.
He also mentioned the remarkable progress of India’s ethanol blending initiative, stating, “We have raised ethanol blending in petrol from 1.53 percent in 2013-14 to about 20 percent in April 2025, as we look forward.”
Point of View
This news highlights India's strategic initiatives in energy security. The significant increase in exploration area demonstrates a commitment to sustainable growth and resilience in a fluctuating global market. This proactive approach positions India as a burgeoning player in the energy sector, aligning with national interests.
NationPress
08/06/2025
Frequently Asked Questions
What percentage increase in exploration area has India achieved since 2014?
India has achieved a remarkable 76% increase in the area under oil and gas exploration since 2014.
What are the government's future goals for exploration?
The government aims to expand the oil and gas exploration area to 1 million square kilometers by 2030.
How has India's energy sector changed in recent years?
India's energy sector has seen significant growth, with increased imports and diversification of supply sources.
What impact has PM Modi's administration had on fuel prices?
Under PM Modi's administration, India has managed to reduce fuel prices despite global increases.
What is the current ethanol blending percentage in petrol?
India has increased ethanol blending in petrol from 1.53% in 2013-14 to around 20% in April 2025.
