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Oil India gets environment clearance to drill 20 wells in three blocks in Jaisalmer

11 Sep 2015 Evaluate

Oil India (OIL) has received environment clearance from Ministry of Environment and Forest for drilling 20 wells in three blocks in Jaisalmer, Rajasthan for production of 1 mmscmd gas at an estimated cost of Rs 96 crore. The wells will be drilled in Dandewala, Bagitibba and Tanot mining lease blocks in Tanot village in Jaisalmer.

The gas produced from these three blocks would be brought to the common locations for processing at Dandewal Gas Processing Complex.

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company. Oil India has over 1 lakh sq km of PEL/ML areas for its exploration and production activities, most of it in the Indian North East, which accounts for its entire crude oil production and majority of gas production.

Peers
Company Name CMP
ONGC 232.75
Oil India 477.00
Jindal Drilling&Inds 582.80
Deep Industries 734.55
Aban Offshore 14.20
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