Oil India has signed exploration and production contract with the government for 12 oil blocks. The company won 12 out of 32 oil and gas exploration blocks offered in latest auction. According to the Directorate General of Hydrocarbons (DGH), the company has won 6 out of the 14 blocks on offer in Open Acreage Licensing Policy (OALP)-II, while in OALP-III, the company got 6 blocks.
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.