Oil India says it plans to spend ₹15,000 crore on deepwater exploration over the next three years. The company’s chairperson and managing director, Ranjit Rath, says it does not foresee major technological or infrastructural challenges in pursuing deepwater and ultradeepwater exploration.
Both outlets link the move to wider government efforts to expand India’s deepwater exploration activity. NDTV notes that policy support is intended to encourage wider participation, including from domestic and foreign companies. The Hindu focuses more on the company’s internal assessment of readiness, emphasizing its expectation that exploration can proceed without significant hurdles.
Taken together, the reports describe a planned, multi-year capital outlay by Oil India while placing it within a broader push to increase deepwater exploration in India. The sources do not provide additional specifics on locations, partners, or timelines beyond the three-year investment horizon.
