Chapter 1 Magazine

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CHAPTER 1 Magazine

India and deep sea mining

A new global frontier is opening: the deep ocean. With the rising demand for critical minerals, the race for the abyss is getting intense, and it is an arena where the nation with the best technology will be the frontrunner. UN’s laws are yet to catch up and the US and China are already developing the tech and rules to mine the seabed. India is not a new player of this game. The series explores all aspects of this new arena, from ISA, India’s preparation and global challenges.

LATEST ARTICLES

India’s reckoning with deep sea mining and research

Divyansh September 25, 2026

At ONGC’s August 2026 AGM, Chairman A.K. Singh said the company will invest about ₹1 lakh crore in cash over five years to drill 87 deepwater wells by March 2031, roughly ₹20,000 crore a year. They’ll start slow with just four wells in FY26, but plan to crank it up to 27 in the final year. Singh didn’t mince words about why they’re in such a mad dash, either: India’s crude output has been sliding downhill for eleven straight years.

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