Oil India announced that an incident of leakage was reported at the X-Mass Tree of well no. BGN#24, located at Dighaltarang Tea Estate, Tinsukia District in Assam at around 11:30 pm on 09 April 2024.OIL personal rushed to the site and controlled the leak at around 2:20 am today. The District Administration was informed and officials from the Administration was present at site to assess and address the situation. Proactively, fire service was mobilised, and fire service crew is kept stand by. Upon examination, a hole was observed on the flow path from the X-mass tree and the same is under investigation. Gas and crude oil had spread out over nearby areas located within approximately 100 m from the wellsite. An on-site assessment team of OIL is formed to assess the affected areas immediately. The OIL team is taking up measures for remediation of the affected area. An internal enquiry is being conducted for a thorough investigation and OIL reassures that the well is in completely cntrolled & closed condition and there is no point of panic for the same. Powered by Capital Market - Live News

Oil India announced that the Board of Directors of the Company at its meeting held on 8 March 2024, inter alia, have recommended the 2nd interim dividend of Rs 8.5 per equity Share (i.e. 85%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Oil India will hold a meeting of the Board of Directors of the Company on 8 March 2024.Powered by Capital Market - Live News

Oil India announced its first-ever global partner roadshow: Confluence: Where Energy and Opportunity Converge. This landmark event is scheduled to take place on 28 February 2024, in Abu Dhabi, UAEThis event signals OIL`s commitment to aggressive growth and international collaboration. OIL has set its sights on ambitious production targets: 4 MMT oil and 5 BCM gas annual production by FY26. With a target to generate 12 Billion USD in revenue by 2030, the company plans to invest 4.8 Billion USD across a range of activities: ramping up exploration efforts, enhancing field development and expediting production. Additionally, OIL is set to expand aggressively across offshore Indian regions. Powered by Capital Market - Live News

Oil India (OIL), National Center for Seismology (NCS) under the aegis of Ministry of Earth Sciences, and Centre for Earth Sciences and Himalayan Studies (CES & HS), Govt. of Arunachal Pradesh inked a tripartite MoU on 25 February 2024 at Itanagar, Arunachal Pradesh to pursue applied earth science related studies in India with a focus on Arunachal Pradesh and the Northeast Region.The MoU puts in place a formal framework for fostering collaboration in the field of applied seismo-geophysical & geological research, in the field of exploration & exploitation of Geothermal Energy and other aspects of earth sciences studies for driving innovation and excellence.Powered by Capital Market - Live News