IOC rises on concluding acquisition of 17% participating interest in Mukhaizna oil field

Indian Oil Corporation Ltd. | Refineries | Oil & Gas | BSE: 530965 | NSE: IOC

06 Apr 2018 Evaluate

Indian Oil Corporation (IOC) is currently trading at Rs. 175.80, up by 2.30 points or 1.33% from its previous closing of Rs. 173.50 on the BSE.

The scrip opened at Rs. 175.20 and has touched a high and low of Rs. 176.45 and Rs. 174.60 respectively. So far 153736 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 231.30 on 31-Aug-2017 and a 52 week low of Rs. 164.60 on 26-Mar-2018.

Last one week high and low of the scrip stood at Rs. 178.35 and Rs. 169.80 respectively. The current market cap of the company is Rs. 168499.90 crore.

The promoters holding in the company stood at 56.98%, while Institutions and Non-Institutions held 17.86% and 25.16% respectively.

Indian Oil Corporation (IOC) has completed acquisition of 17% participating interest in Mukhaizna Oil Field (including the Marketing Rights for entitlement oil) by acquiring 100% equity stake in Shell Exploration & Production Oman (SEPOL) from Shell Overseas Holdings (Shell), for a transaction value of $329 million. The company has made this acquisition through its wholly owned subsidiary, IOCL Singapore. The effective date of the transaction is January 1, 2017. This is IOC’s first producing upstream acquisition in Oman which will further enhance its growth in the upstream sector in the Middle East.

The Mukhaizna Oil Field is the single largest producing individual oil field in Oman, contributing approximately 13% of total Omani crude production with current production of 1,20,000 bbl/d. It is also, the largest steam flood project in the Middle East. The field is operated by Occidental Mukhaizna LLC (45%). The other partners are Oman Oil Company S.A.O.C (20%), Liwa Energy (15%), Total E & P Oman (2%) and Partex (Oman) Corporation (1%).

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.

Indian Oil Corpn. Share Price

141.60 -0.10 (-0.07%)

03-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1304.25
Indian Oil Corpn.	141.60
Bharat PetroleumCorp	308.20
HPCL	399.35
MRPL	150.20
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