In a significant move, state-run oil producer Oil India Limited (OIL) has finished drilling its first well in the Andaman sea while Oil and Natural Gas Corporation (ONGC) has just started drilling ...

India’s state-controlled Oil & Natural Gas Corporation (ONGC) has started drilling an ultra-deepwater exploration well in the keenly-watched Andaman basin, offshore the country’s eastern coast.

The Andaman-Nicobar basin, located in the southeastern part of Bay of Bengal, is expected to hold significant reserves of natural gas and crude oil, the Centre feels. The area was opened for ...

India's domestic gas production at present is around 29 billion cubic metres. "Andaman Nicobar Basin is located between two proven petroliferous basins - Myanmar in north and Sumatra in south," he ...