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Oil India Plans New Blocks, Global Tie-Ups

Financial Express Kochi

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February 27, 2025

STATE-OWNED OIL INDIA (OIL) has drawn up a plan to augment its production of crude oil and natural gas with several new blocks expected to start production in the coming months.

- ARUNIMA BHARADWAJ

The company is targeting to produce 4 million tonne (MT) of domestic crude oil and 5 billion cubic metres (bcm) of gas in the next couple of years, and hopes to start drilling operations in the Kerala-Konkan region by October this year, a top company executive told FE.

The company presently is operating around 20 rigs and aims to increase this count to 24 within the next six months.

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