Natural Gas Discovery: Oil India Ltd Strikes LNG in Andaman Islands
Oil India Ltd has discovered natural gas reserves in the Andaman Islands. The find, located in the Offshore Andaman Block, is the first reported occurrence of hydrocarbons during the current exploration campaign. Further studies and tests are ongoing to determine the commercial viability of the reserve.
- Country:
- India
Oil India Ltd has unveiled a significant natural gas discovery off the Andaman Islands, marking a notable event in India's energy sector. The state-owned firm has confirmed the existence of natural gas in the Vijayapuram-2 well within the Offshore Andaman Block.
Initial production tests showed a high methane presence in gas samples, which were collected and tested. The discovery could reduce India's dependence on imported oil and gas if the reserve proves commercially viable.
While further analysis is required, Oil Minister Hardeep Singh Puri highlighted the potential of the Andaman basin, comparing its resource potential to Guyana-scale fields. This discovery marks the first such hydrocarbon find in the ongoing exploration in the region.
(With inputs from agencies.)
Google News