Oil India Limited — Updates, 12-08-2025: Press Release

Oil India (OIL) and ONGC have forged a Joint Operating Agreement for three significant exploration blocks spanning around 10,965 sq. km. Awarded under OALP Bid Round-IX, these blocks include ultra-deepwater areas in the Mahanadi Basin and a challenging region in the Assam Shelf Basin. This strategic collaboration between the national oil companies is set to unlock new hydrocarbon exploration opportunities. The move underscores their collective pursuit of sustainable growth, crucial for bolstering India's long-term energy security.