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offshore E&P opporunities in india-

Huge spend on offshore E&P activities planned in India

India is in the midst of a robust economic growth phase, which has translated into a strong demand for primary energy. India derives more than 37% of its primary energy requirements from hydrocarbons (crude oil and natural gas). However, the country still imports over 70% of its crude oil requirement and is starved for natural gas.

With more than 80% of India’s sedimentary basin still under-explored, huge potential remains untapped. Over the last seven years, through six rounds of National Exploration Licensing Program (NELP), the Government of India has attracted investments of US$12bn for exploration activities in the country. Of the 165 blocks offered in the six rounds of NELP, 102 have been offshore blocks. This offering has resulted in a huge capital expenditure planned for the offshore segment.

after looking on this My recommendation is two invest in to offshore co. & for that My recommendation's are ABAN OFFSHORE (CMP- 4467), GREAT OFFSHORE (CMP-907 ), Garware Offshore Services(239).

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