India Looks to Boost Exploration as Hormuz Crisis Threatens Supply

India Looks to Boost Exploration as Hormuz Crisis Threatens Supply

India needs to boost domestic oil and gas exploration to enhance its energy security amid supply disruptions that drive energy prices higher, according to a senior official at state-owned exploration and production company Oil India Limited (OIL). “Disruptions to global supply chains and major energy corridors can have an immediate impact on energy flows, prices and economies worldwide,” IOL’s Director of Finance, Abhijit Majumder, said at an en…

India needs to strengthen domestic oil exploration: Official

Majumder cites recent disruptions around the Strait of Hormuz as an example of how instability in one part of the world can pose a wider threat to global energy security

India needs to strengthen domestic oil exploration, official says

India is urged to strengthen its domestic oil exploration capabilities to improve energy security as global tensions rise. Oil India Limited emphasizes the importance of technological advancements and better infrastructure for energy resources. The upcoming India Energy Week 2027 aims to unite global stakeholders to address energy security issues. Recent global disruptions have highlighted the need for robust energy supply mechanisms.

India Expands Offshore Oil and Gas Exploration as Hormuz Disruptions Highlight Import Risks

The ₹84,084 crore program will support seismic surveys, 60 deepwater wells and offshore infrastructure through fiscal 2030–31, while a separate plan expands strategic petroleum storage.