ONGC, OIL aim to launch Rs 3,200 cr stratigraphic drilling campaign next year

State-run oil explorers ONGC and Oil India Ltd are planning to begin a Rs 3,200 crore stratigraphic drilling campaign in untapped offshore areas early next year, as part of efforts to discover new hydrocarbon reserves and cut reliance on imports, officials said.

In the first phase, four wells will be drilled in deepsea of Andaman, Mahanadi, Saurashtra and Bengal sedimentary basins.

Global energy giant BP will provide technical expertise in identifying the locations as well as drilling, officials said.