Puri also pointed out the high costs involved in finding the oil drills. “It costs a lot of money. In Guyana, they dug 43 or 44 wells, each costing $100 million.

“Globally, in Guyana, 46 dry wells were drilled before oil was found in the 47th. We believe India holds the potential of several Guyanas, particularly in the Indian Ocean region. We are looking ...

Hardeep Puri also made a reference to Guyana, which recently discovered massive oil reserves, saying India has the potential for 'several Guyanas' in the Andaman region.

India has several Guyana-sized energy reserves in Andamans: Hardeep Puri India has 3.5 million square kilometres of sedimentary basin, but it never explored beyond eight per cent area, keeping a ...