{"id":15871,"date":"2025-10-27T06:41:25","date_gmt":"2025-10-27T06:41:25","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=15871"},"modified":"2025-10-27T06:42:15","modified_gmt":"2025-10-27T06:42:15","slug":"india-needs-to-make-a-big-oil-and-gas-discovery-soon-oil-secy-pankaj-jain","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/15871\/","title":{"rendered":"India needs to make a big oil and gas discovery soon: Oil Secy Pankaj Jain"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0India would lose credibility if it is unable to make a big oil and gas discovery soon, said Pankaj Jain, secretary of the Ministry of Petroleum and Natural Gas, on Sunday.<\/p>\n

Jain was addressing the 15th Biennial International Conference and Exposition of the Society of Petroleum Geophysicists (SPG-India) 2025 in Jaipur.<\/p>\n

He added that the Centre recently introduced several legislative changes in the exploration space to support the industry.<\/p>\n

The official was referring to the government approving the Oilfields (Regulation and Development) Act, 2025, opening up 99 per cent of no-go areas in the Indian waters for exploration and bidding rounds.<\/p>\n

\u201cIt will become more and more difficult for us to make a case to believe in India and believe that India has the ability to discover something,\u201d said Jain.<\/p>\n

To boost production, India has been expediting exploration activities while also urging international oil companies to collaborate with domestic players for high-end technology.<\/p>\n

Prime Minister Narendra Modi launched the National Deepwater Exploration Mission in August 2025 aimed at discovering oil and gas reserves in the deep sea.<\/p>\n

India has not witnessed a big oil and gas discovery since Mumbai High and Krishna Godavari, the official added.<\/p>\n

The Mumbai High discovery was made in 1974, while Krishna Godavari was in the early 2000s.<\/p>\n

The Indian government is banking on exploration activities currently in place in the Andaman Sea, expecting a \u201cGuyana-like\u201d discovery from the region.<\/p>\n

India can no longer afford incremental progress in the exploration space as alternative forms of energy would matter more in the future to meet demand, said Jain.<\/p>\n

Jain called for bold, time-bound exploration strategies aligned with the National Deepwater Mission, emphasising urgency, innovation, and national responsibility in realising India\u2019s energy self-reliance.<\/p>\n

Meanwhile, Oil and Natural Gas (ONGC) remains committed to advancing deepwater exploration mission, said Arun Kumar Singh, chairman & chief executive officer (CEO).<\/p>\n

Technological breakthroughs in seismic imaging, artificial intelligence (AI)-driven interpretation, and data analytics would define the next leap in discovery success, added Singh.<\/p>\n

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