India EEZ survey expected to yield significant oil and gas

31 May 2023 CW Team

It is understood that the first proper survey of the Andaman offshore area, which is considered to be a petroliferous basin with prospects for oil and gas resources, is nearing completion. Data has been acquired for 23,055 line kilometres (LKM). Similarly, survey work for 38,711 LKM in the Western sector and 8,235 LKM in the Eastern Sector are nearing completion. The next step is likely to be a survey to cover the limits of the Indian Extended Continental Shelf (ECS).

The survey was started in November last year following a joint effort by stakeholders such as the Directorate General of Hydrocarbons, Ministry of Defence and the Space Department, who were aligned to release areas that had been prohibited earlier.

An empowered coordination committee oversaw the process and the National Maritime Security Coordinator, part of the National Security Council Secretariat, played a critical role in expediting security clearances. In the past, 42% of the Indian EEZ of 2.36 million square kilometres was under a 'no go' zone.

After exhaustive consultations with the Indian Navy, Coast Guard and Defence Research and Development Organisation (DRDO), the 'no go' zone was brought down to 24,832 square kilometres. Safeguards were also put in place to indemnify government departments and the forces from any damage suffered in oil exploration and production.

The survey is expected to yield the discovery of significant oil and gas resources in the Indian EEZ. According to broad estimates, the Indian EEZ should have 17 billion tonnes of oil equivalent (BTOE) of oil and gas, of which 7.4 BTOE had been discovered prior to the survey. The current EEZ survey is being conducted by Shearwater Geoservices on the Eastern and Western offshore and Seabird Exploration in the Andaman region.

Also Read
NBCC (India) posts net profit of 1136.3 million
Emami Realty posts net loss of 177.9 million

India is set to complete an exhaustive survey of its Exclusive Economic Zone (EEZ) in a few months, after the central government aligned all stakeholders, including defence and space agencies, to release 99% of the areas prohibited for oil exploration and production due to security concerns. It is understood that the first proper survey of the Andaman offshore area, which is considered to be a petroliferous basin with prospects for oil and gas resources, is nearing completion. Data has been acquired for 23,055 line kilometres (LKM). Similarly, survey work for 38,711 LKM in the Western sector and 8,235 LKM in the Eastern Sector are nearing completion. The next step is likely to be a survey to cover the limits of the Indian Extended Continental Shelf (ECS). The survey was started in November last year following a joint effort by stakeholders such as the Directorate General of Hydrocarbons, Ministry of Defence and the Space Department, who were aligned to release areas that had been prohibited earlier. An empowered coordination committee oversaw the process and the National Maritime Security Coordinator, part of the National Security Council Secretariat, played a critical role in expediting security clearances. In the past, 42% of the Indian EEZ of 2.36 million square kilometres was under a 'no go' zone. After exhaustive consultations with the Indian Navy, Coast Guard and Defence Research and Development Organisation (DRDO), the 'no go' zone was brought down to 24,832 square kilometres. Safeguards were also put in place to indemnify government departments and the forces from any damage suffered in oil exploration and production. The survey is expected to yield the discovery of significant oil and gas resources in the Indian EEZ. According to broad estimates, the Indian EEZ should have 17 billion tonnes of oil equivalent (BTOE) of oil and gas, of which 7.4 BTOE had been discovered prior to the survey. The current EEZ survey is being conducted by Shearwater Geoservices on the Eastern and Western offshore and Seabird Exploration in the Andaman region. Also Read NBCC (India) posts net profit of 1136.3 million Emami Realty posts net loss of 177.9 million

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

Real Estate

10 Jul 2026

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Real Estate

10 Jul 2026

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..