ONGC: Focusing on Deepwater, Ultra Deepwater Exploration

The video discusses India's strategic focus on oil and gas exploration, highlighting past achievements and future plans. It covers the interest of international companies like ExxonMobil in India's offshore areas, driven by favorable fiscal regimes and energy transition opportunities. The video also details government auctions and investment requirements for deep water exploration. Promising exploration sites such as KG offshore and Cauvery offshore are highlighted as key areas for future development.

What has been a significant change in India's exploration strategy in recent years?

• Venturing into deep and ultra-deep waters

• Focusing on shallow waters

• Only exploring onshore areas

• Reducing exploration activities

Why are major international oil companies interested in India?

• Lack of competition

• Limited exploration opportunities elsewhere

• Geological potential and regulatory enhancements

• High oil prices

What role does gas play in India's energy transition?

• It is not relevant to the transition

• It is being phased out

• It is considered a transition fuel

• It is the primary energy source

What is a key feature of the government's auction for exploration blocks?

• Limited number of blocks

• Revenue-sharing regime

• High entry fees

• Exclusively onshore blocks

What is the significance of joint partnerships with national oil companies?

• They increase competition

• They provide legacy knowledge of basins

• They have no impact

• They limit exploration activities

Which offshore area is noted for its proven track record in exploration?

• Goa offshore

• KG offshore

• Mumbai offshore

• Kerala offshore

What is a promising area for future exploration mentioned in the transcript?

• Gujarat offshore

• Tamil Nadu offshore

• Kerala offshore

• Andaman offshore