OIL Across the Globe | Oil India Limited

Global Presence

Russia

( Producing Asset )

1. JSC Vankorneft (8.0065%) 1,869 km2

2. License-61 (50%) 49,91 km2

3. LLC TYNGD (10.0165%) 1,424 km2

Venezuela

( Producing Asset )

1. Carabobo (3.5%) 383 km2

Nigeria

( Development Asset )

1. OML 142 (17.5%) 1,295 km2

Mozambique

( Development Asset )

1. Area 1 (4%) 9,653 km2

Libya

( Exploratory Asset )

1. Area 95/96 (25%) 6,629 km2

Bangladesh

( Exploratory Asset )

1. Area SS-04 (45%) 7,269 km2

2. Area SS-09 (45%) 7 026 km2

Gabon

( Exploratory Asset )

1. Area Shakti (50%) 37,61 km2

2P Reserves

Overseas Oil and Gas Production

Acquisition of overseas exploration blocks and oil & gas properties is a strategic focus area of OIL. In alliance with various Indian oil and gas PSUs and reputed international oil and gas companies, OIL has been actively pursuing opportunities to acquire producing E&P assets, exploration acreages, etc. in Africa, Middle East, South East Asia, South America, CIS countries and Russia. The Company’s overseas E & P portfolio as on 31st March 2024 comprises of 10 assets spread over 7 countries covering Libya, Gabon, Nigeria, Venezuela, Mozambique, Bangladesh and Russia. The portfolio includes 4 (four) producing assets spread across Russia & Venezuela. Two assets, one each in Mozambique and Nigeria are under development. Four assets in Libya, Gabon and Bangladesh are under exploration. OIL has divested its entire stake in Niobrara Shale Asset in Jan 2022.