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Oil India starts exploring for oil and gas in Andaman Sea

09 Oct 2020 Evaluate

Oil India has started exploring for oil and gas in the Andaman Sea. It has begun acquiring seismic data on the shallow water blocks AN-OSHP-2018/1 and AN-OSHP-2018/2, which the company had won in the third round of open acreage licensing policy. The results of the seismic survey would help the firm decide on drilling of wells on the block that could yield oil and gas.

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

Peers
Company Name CMP
ONGC 224.90
Oil India 449.80
Jindal Drilling&Inds 500.05
Deep Industries 674.55
Asian Energy Service 414.45
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