Going to aggressively pursue exploration in deepwater areas, says ONGC Exploration Director O.P. Sinha

ONGC plans to aggressively prosecute deepwater areas due to the fact that we spot much opportunities there, Director for Exploration O.P. Sinha told reporters Wednesday connected the sidelines of the ongoing India Energy Week successful Goa.

“We are going to aggressively prosecute deepwater areas due to the fact that we spot much opportunities there, truthful we volition beryllium investing much successful deepwater [areas],” helium said. Mr. Sinha added that an further origin entails argumentation enactment from the Central authorities with Prime Minister Narendra Modi’s announcement (August 2025) astir the National Deep Water Exploration Mission, besides termed as, ‘Samudra Manthan’.

“We spot a batch of argumentation enactment from the authorities for each operators successful the deepwater campaign,” helium stated.

Enumerating astir the imaginable areas, Mr. Sinha said, “Comparatively, East Coast is much imaginable prolific successful presumption of deepwater exploration, but we are studying West Coast portion also.” On the East Coast, the exploration manager pointed to Mahanadi basin, Krishna Godavari (KG) basin and the Andaman basin. Further, Mr. Sinha informed ONGC would besides beryllium looking into deepwater areas of West Coast and expanding activities successful the Kerala-Konkan basin.

Mr. Sinha informed that successful caller years, ONGC has been drilling 4 ultradeep and deepwater wells combined successful a year, with the fig expanding to 8 successful the adjacent fiscal twelvemonth (that is, FY 2026-27).

The exploration manager besides stated ONGC’s superior expenditure for exploration this twelvemonth would beryllium astir ₹10,000 crore successful the existent fiscal year.