News thumbnail
Business / Sun, 02 Aug 2026 Deccan Herald

'Drill, Baby, Drill': India to fund Rs 650 crore per well for 60 deepsea wells to break its oil import habit

'Drill, Baby, Drill': India to fund Rs 650 crore per well for 60 deepsea wells to break its oil import habitOfficials said private companies have largely shied away from risk exploration because the investment has to be written-off if no commercially viable hydrocarbon discovery is made.

'Drill, Baby, Drill': India to fund Rs 650 crore per well for 60 deepsea wells to break its oil import habit

Officials said private companies have largely shied away from risk exploration because the investment has to be written-off if no commercially viable hydrocarbon discovery is made.

© All Rights Reserved.