The poster of this social media post misunderstood the whole information and people started sharing on social media without reading the actual news.
The data, 184,440 crore litres (approx. 11.6 billion barrels) of crude oil came from India’s Union Minister Hardeep Singh Puri’s statement as the estimated potential for the Andaman Basin region under the Government’s #SamudraManthan campaign aimed at energy self-reliance.
Currently, India imports approx. 90% of its crude oil and most of its middle eastern crude oil pass through Strait of Hormuz, which is hotspot of the US-Iran war and oil is not passing the Hormuz.
The government has officially compared this potential to the “Guyana model,” where massive deepwater discoveries transformed the nation’s economy.
While the image presents this as a completed “win,” it is currently in a strategic drilling phase.
Early results are promising; the Vijaypuram-2 well confirmed the presence of 87% methane gas, and multiple ONGC wells (ANDW-7 and ANDW-9) have also indicated gas presence.
The government estimates that successful commercialization of these reserves could help propel India from a $3.7 trillion economy to a $20 trillion economy.
The “No Hormuz No Problem” headline refers to reducing India’s heavy reliance on oil from the Middle East, which must pass through the volatile Strait of Hormuz.
So, the 11.6 billion barrels is the potential of the project.
