New Delhi, July 10 -- Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Tuesday outlined India's strategic vision for energy security and hydrocarbon development at the 9th OPEC International Seminar.

Delivering a keynote on "Oil Markets: Energy Security, Growth & Prosperity", the Minister announced that India has opened 2.5 lakh square kilometres of offshore acreage for exploration under OALP Round-10 and is poised to significantly scale up its upstream footprint.

"We are close to discovering a Guyana-scale oilfield in the Andaman Sea," Puri revealed, describing it as one of India's most ambitious efforts to expand hydrocarbon exploration.

India plans to increase its exploration area to 0.5 million sq km by 2025 and 1.0 m...