Analysis: Focus on India - South Asia Rig Count Heats Up

Exploration in India has grown dramatically in the last decade through the New Exploration Licensing Policy (NELP) program.

With its first formal open exploration round in 1997, India is currently conducting its eighth bidding round for exploration and development opportunities on- and offshore the South Asian country. Prior to the open bidding process, only 11% of the country's sedimentary basins were under exploration, and after the first seven rounds of bidding, approximately 50% of India's sedimentary basins are under exploration.

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