Four Unexplored Indian Basins May Hold More Oil Than The Permian

Four largely unexplored sedimentary basins in India could hold up to 22 billion barrels of oil, S&P Global Commodity Insights has reported. In effect, lesser-known Category II and III basins, namely Mahanadi, Andaman Sea, Bengal, and Kerala-Konkan contain more oil than the Permian Basin, which has already produced 14 billion barrels of its 34 billion recoverable oil reserves.  Rahul Chauhan, an upstream analyst at Commodity Insights, has emphasized the potential of India's unexplored Oil & Gas sector, "ONGC and…