A CORRESPONDENT
DIBRUGARH: Oil India Limited (OIL), a Maharatna CPSE of MoPNG, and a leading energy company in India, in a landmark stride, secured 9 blocks under OALP Round IX, adding over 51,000 Sq km to its exploration portfolio, with 6 blocks as sole operator and 3 as a consortium partner. This milestone propels OIL’s total exploration acreage from 60,000 Sq km to 110,000 Sq km, registering a remarkable 85% growth.
Significantly, OIL had submitted bids for 9 blocks and won all 9, achieving a 100% strike rate, underscoring the company’s strategic focus, technical strength, and competitive edge. This bold expansion is a clear reflection of OIL’s strategic vision and strong alignment with India’s energy priorities.
Notably, over 47,000 Sq km of the newly-awarded acreage lies in deep and ultradeep offshore waters, marking a breakthrough as OIL takes on technically complex and high-potential frontiers.
OIL has also made its debut in the Cambay Basin and the state of Meghalaya, unlocking fresh opportunities in untapped geological provinces.
Backed by the Government of India’s transformative policies, including the Hydrocarbon Exploration and Licensing Policy (HELP), Ease of Doing Business reforms, and the unlocking of ‘No-Go’ areas, this achievement signals a new era of growth, confidence, and capability.
OIL is not just acquiring acreage but charting the future. As India accelerates toward energy security and self-reliance, OIL is driving that momentum with purpose, precision, and bold ambition.
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