India strikes ‘first oil’ to enter ‘world’s deepwater club’

After having identified substantial lithium resources last year, on 7th January 2024, India commenced extraction of fresh crude oil reserves located in the Deep-Water Block 98/2 at the Krishna-Godavari basin. The project is located about 30 km off the coast of Kakinada, Andhra Pradesh. India’s Oil and Natural Gas Corporation (ONGC), a fortune-200 company, has […]