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ONGC Marketing Executive Director Ashok Kumar stresses the need to increase India's domestic oil & gas production, currently low at around 10-12%. Amid geopolitical risks, focus is on deepwater exploration via Samudra Manthan project, targeting Andaman, East Coast & unexplored areas. Energy security for India's growth is key. Watch the full statement!

#ONGC #AshokKumar #SamudraManthan #EnergySecurity #India

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Transcript
00:00The kind of things we want to see for our future, energy is fundamental, either in form of fuel or
00:05electricity.
00:06So fundamentally, we should have our own domestic production.
00:09Right now, it's only around 10 to 12 percent of need.
00:12That's not at all a good sign.
00:14And these kind of geopolitical situations will keep happening.
00:17Though we are responding well, we are managing well, but the bottom line is clear.
00:22We should improve our domestic production.
00:24Right, sir. You were also talking about Samudra, Manthan and some islands in our country.
00:28This was, you know, one of the great efforts by our Underwood Prime Minister.
00:33They want to explore us all the unexplored areas, particularly in the deep and deeper waters.
00:38And India has a big potential in a deep and ultra deep waters.
00:43So we are making concerted efforts, how much oil and gas we can find in our deep waters.
00:48And one is one such example. We are pursuing it in a big way.
00:52We have started dealing over there.
00:54Of course, the success has not come yet so far, but we are sure of a good success over there.
00:58Once the success is there, the very good volume is going to come from that part.
01:02So east coast of India has a huge potential that we are exploring it.
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