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Oil India notifies 2 Hydrocarbon Discoveries in the Upper Assam Basin

02 May 2017 Evaluate

Public sector undertaking Oil India has notified 2 Hydrocarbon Discoveries in the Upper Assam Basin. The discoveries were made during April in the wells Borbhuibil-1 and Lakwagaon-1. The discoveries have opened up avenue for exploration of already identified leads and prospects in the area.

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 225.70
Oil India 449.70
Jindal Drilling&Inds 502.50
Deep Industries 679.10
Asian Energy Service 424.00
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