Oil India Limited (OIL) and TotalEnergies inked a Technical Service Agreement in Paris on 18th November 2024 to facilitate collaboration between OIL and TotalEnergies with specific focus on drilling of stratigraphic wells in Indian Offshore waters. The Stratigraphic well campaign, a flagship initiative of the Ministry of Petroleum & Natural Gas, Government of India is foreseen to open up new vistas for hydrocarbon exploration and development in Deep and Ultra-deep offshore acreages through acquisition of critical subsurface data, Petroleum System Modelling studies and shall be a primer in defining upon and substantiating the hydrocarbon potential in Indian Offshore Basin.
The collaboration marks a significant milestone in India's offshore Hydrocarbon exploration impetus and will leverage the technical know-how and expertise of TotalEnergies in Deep & Ultradeep drilling in offshore waters across the globe. The engagement and exchanges shall go a long way in driving exploration & unlocking the hydrocarbon potential in Offshore waters of India and encouraging investment by international oil companies in E&P sector of India.
Shares of Oil India Limited was last trading in BSE at Rs. 485.45 as compared to the previous close of Rs. 472.55. The total number of shares traded during the day was 139496 in over 4612 trades.
The stock hit an intraday high of Rs. 490.75 and intraday low of 476.15. The net turnover during the day was Rs. 67728037.00. |
