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India Must Boost Domestic Oil Exploration for Energy Security, Says OIL Official
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News18•29-09-2026, 11:00
India Must Boost Domestic Oil Exploration for Energy Security, Says OIL Official
- •Oil India Limited (OIL) official Abhijit Majumder emphasized strengthening domestic oil exploration and technological capabilities to safeguard India's energy security.
- •Geopolitical tensions, rising energy demand, and disruptions to global supply chains increasingly affect energy flows and prices, highlighting the need for self-reliance.
- •Majumder cited disruptions around the Strait of Hormuz as an example of how instability can threaten global energy security.
- •Unlocking India's offshore and deep-water energy resources requires better data, modern technology, risk-sharing mechanisms, and infrastructure.
- •Initiatives like the National Offshore Exploration Scheme, Samudra Manthan, are crucial for expanding India's exploration capabilities and strengthening domestic energy supplies.
Key Questions Answered
Geopolitical tensions and disruptions to global supply chains are increasingly affecting energy flows and prices, making it essential to safeguard India's energy security.
Introduced as a central sector scheme approved to run until FY31, Samudra Manthan aims to accelerate hydrocarbon exploration and production in India's Exclusive Economic Zone to strengthen energy self-reliance.
Recent disruptions around the Strait of Hormuz were cited as prime examples of how regional instability can pose a wider threat to global energy security and supply chains.
