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Boost for Indian exploration

OIL and gas software firm Paradigm has opened up a Seismic Centre of Excellence in Mumbai in a sign that India is ramping up local efforts to unlock indigenous hydrocarbons to help deal with its ongoing energy crisis, even as the under-fire Gujarat State Petroleum Company has pulled out of exploring in Australia and internationally.

Anthony Barich
Boost for Indian exploration

GSPC acquired 11 exploration blocks in Australia, Indonesia, Egypt and Yemen between 2006 and 2011, but had surrendered 10 of them by last year, leading to large write-offs in exploration costs. Yet...

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