Oil minister Hardeep Puri told the Lok Sabha on Thursday that India is looking to increase its dependence on the domestic production of oil and gas.
The government plans to bring 30 per cent of the sedimentary area under oil exploration. The country has 26 sedimentary basins covering around 3.3 million square kilometres.
“Today, the sedimentary area under exploration production has gone up from 6-7 per cent to 10 per cent. It is our expectation that this will go up to 15 per cent very shortly, and go on to 30 per cent after that,” Puri said.
