“To increase domestic production, India needs to encourage exploration of new fields, increase investment and technology for ageing fields, and incentivise unconventional options like shale and gas. As per Cairn, the partnership for offshore assets will evolve through three distinct stages of conceptual design, conceptual detailing, and execution. The offshore assets include Ravva, off the coast of Andhra Pradesh, Cambay, on the western coast, and several newly acquired OALP (open acreage licensing policy) blocks. Three stagesAs per Cairn, the partnership for offshore assets will evolve through three distinct stages of conceptual design, conceptual detailing, and execution. The offshore assets include Ravva, Cambay, and several newly acquired OALP

Source: The North Africa Journal November 17, 2021 04:24 UTC