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Oil India Ltd
Oil Drilling / Allied Services
BSE Code: 533106 NSE Symbol: OIL P/E : 14
ISIN Demat: INE274J01014 Div & Yield %: 2.86 EPS : 28.71
Book Value: 298.16 Market Cap (Rs. Cr.): 65,381.50 Face Value : 10
Oil India inks technology service agreement with TotalEnergies Back
(19 Nov 2025)

Oil India (OIL) and TotalEnergies inked a “Technology Service Agreement” on 19 November 2025 in New Delhi to strengthen strategic collaboration for exploration activities in Deep and Ultra-deepwater Offshore frontiers of Indian sedimentary Basins, including the stratigraphic wells as mandated by the Govt. of India.

The agreement puts in place a framework to leverage TotalEnergies' world-class expertise in Deep & Ultradeep water exploration value chain across OIL's current & future Offshore portfolio. It includes the ongoing appraisal programme of gas find in the shallow Offshore Blocks in Andaman Basin, exploration in OIL's OALP-IX Ultradeep water Blocks in Mahanadi & Krishna Godavari Basins. It also covers evaluation of opportunities under ongoing OALP X / future bid rounds and provide support during stratigraphic well drilling initiative in offshore Category-II & III Basins.

The strategic collaboration marks a significant milestone in OIL's commitment to pursue exploration in offshore frontiers towards possible hydrocarbon discovery and secure sustainable energy future for India.