News

Oil India has signed a Memorandum of Understanding (MoU) with the Municipal Corporation of Delhi (MCD) for the establishment of Compressed Bio-Gas (CBG) plant(s) based on Segregated Organic Municipal Solid Waste in Delhi. The Memorandum of Understanding establishes a framework for cooperation between OIL and MCD to facilitate the development of CBG plants. Initially to take this forward two CBG plants of the capacity 500 TPD and 300 TPD respectively utilizing segregated organic municipal solid waste generated within Delhi are bring planned. These plants will produce 30 to 32 TPD of Compressed Biogas. The initiative aims to convert biodegradable waste into renewable green fuel, thereby reducing landfill dependency, improving urban sanitation, lowering greenhouse gas emissions, and supporting the Government of India`s energy transition and circular economy objectives.

Oil India will hold a meeting of the Board of Directors of the Company on 7 August 2026.

Oil India (OIL) announced the presence of natural gas in its 3rd exploratory well Vijayapuram-3 (Loc. OAEB), drilled 15 km oA the east coast of the Andaman Islands at a water depth of 355 meters in the Offshore Andaman Block AN-OSHP-2018/1 under the Open Acreage Licensing Policy (OALP). OIL now establishes presence of hydrocarbon in 2 (two) wells out of 3 (three) exploratory wells drilled so far. Occurrence of natural gas was reported in 2nd exploratory well Vijayapuram-2 (Loc. OAEA) on 26 September 2025. Initial production testing of the well at the depth of 1900 plus meters in the Eocene formation has established the presence of natural gas through continuous flaring. Post perforation, immediate pressure build up was observed and well started to produce. Further gas sampling is being undertaken to assess the composition & calorific value of gas and to carry out isotope studies to understand the genesis of the gas. As per preliminary assessment, this is a leading indicator of presence of source or migration pathway or accumulation of hydrocarbon in current prospect, which will help in strategizing future exploratory program. Pursuant to reported occurrence of gas in 2nd exploratory well Vijayapuram-2 (Loc. OAEA) on 26 September 2025, Oil India has already started the appraisal program. Reprocessing of available 2D seismic data and acquisition of additional 600 Sq. Km of 3D seismic data is already completed and processing of acquired and vintage 3D seismic data is ongoing. Post processing and interpretation of the seismic data, the appraisal Well (s) drilling is planned to be undertaken.

OIL Green Energy(OGEL), a wholly owned subsidiary of Oil India (OIL), and Hindustan Waste Treatment (HWT), a wholly owned subsidiary of SFC Environmental Technologies, have signed a Joint Venture Agreement (JVA) to collaborate in the development of integrated bioenergy and sustainable waste management projects in India. The partnership envisages formation of a 50:50 joint venture company to pursue opportunities in compressed biogas (CBG), waste-to-energy and allied sustainable infrastructure projects aligned with India`s clean energy transition and circular economy objectives.

Oil India announced that the Board of Directors of the Company at its meeting held on 13 May 2026, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.