All Explorers Welcome in India's Untapped Oil Fields

Updated on
  • India seeks risk-takers to develop smaller oil and gas fields
  • Nation aims to award rights for 67 such finds by January 2017

Indian technicians work on the country's first shale-gas exploratory well near Jambusar, some 170 kms from Ahmedabad in November 2013. Prime Minister Narendra Modi is striving to woo investors to develop already discovered but untapped smaller oil and gas fields that hold more than India’s total annual output.

Photographer: Sam Panthaky/AFP via Getty Images

The casualties of the U.S. shale bust are being offered a new frontier thousands of miles away in India to remake their fortunes.

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