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Oil India gets environment clearance for drilling project in Jaisalmer

10 Oct 2016 Evaluate

Oil India (OIL) has received environment clearance for Rs 220-crore development drilling project in Jaisalmer district of Rajasthan. The company has received the green nod for development drilling of 20 wells in Baghewala mining lease block in Jaisalmer district.

The company had discovered natural gas in Jaisalmer sub-basin of Tanot fields and heavy oil in the Bikaner-Nagaur sub-basin in early nineties. Now, the company has proposed to undertake development drilling of 20 wells in the Baghewala mining lease block.

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company, while IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Peers
Company Name CMP
ONGC 232.50
Oil India 492.20
Jindal Drilling&Inds 594.55
Deep Industries 744.65
Aban Offshore 14.26
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