Oil India Limited (OIL) has been carrying out exploration and production activities in the north eastern states of Assam, Arunachal Pradesh and Mizoram for several decades. It is also carrying out E&P activities in Rajasthan and KG Basin.
OIL is pleased to announce that as part of the Discovered Small Field (DSF) Bid Round - II, it has been awarded· two blocks, (i) onshore contract area ANONDSFITuiamura/2018 covering an area of 47.23 Sq Km in the state of Tripura and (ii) offshore contract area KG/OSDSF/GSKW/2018 covering an area of 93.902 Sq Km in the Krishna Godavari (KG) basin. This will be OIL's first ever foray into the North Eastern state of Tripura and also into KG Offshore.
Earlier in October 2018, OIL was awarded nine exploration blocks under the Open Acreage Licensing Program (OALP) Bid Round I. The 9 OALP blocks, two in Rajasthan and seven in the North East awarded to OIL cover a combined area of 7907 sq km. OIL is planning to commence the exploration activities in the OALP blocks during FY 2019-20.
Shares of OIL INDIA LTD. was last trading in BSE at Rs.173.8 as compared to the previous close of Rs. 177.1. The total number of shares traded during the day was 150981 in over 1278 trades.
The stock hit an intraday high of Rs. 178 and intraday low of 171.75. The net turnover during the day was Rs. 26158503.