India, Aug. 11 -- The Government of India issued the following news release:
Government is taking sustained measures towards exploring and identifying crude oil and hydrocarbon reserves in the Andaman-Nicobar basin so that they can contribute to the country's long term energy security and reduce import dependence. Following the introduction of the Hydrocarbon Exploration and Licensing Policy (HELP), the Government has allocated four blocks for oil and gas exploration in the Andaman-Nicobar Basin, covering approximately 23,261 square kilometers (SKM). Exploratory efforts have resulted in the acquisition of 8,501-line kilometers of 2-Dimentional (2D) seismic data and 3,270 SKM of 3D seismic data in these blocks and three wells have been dril...