MoneyWorks4Me

Oil India secures two blocks in DSF Round II Bidding

08 Mar 2019 Evaluate

Oil India (OIL) has been awarded two blocks in Discovered Small Field (DSF) Bid Round - II. The company has won first block for the onshore contract area AA/ONDSF/Tulamura/2018 covering an area of 47.23 Sq. Km in the state of Tripura.

Further, the company has won second block for the contract area KG/OSDSF/GSKW/2018 covering an area of 93.902 Sq. Km in the Krishna Godavari (KG) basin. This will be OIL's first ever foray into the North Eastern state of Tripura and also into KG Offshore.

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.

Peers
Company Name CMP
ONGC 221.10
Oil India 442.65
Jindal Drilling&Inds 572.80
Deep Industries 746.50
Asian Energy Service 450.15
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