INTERVIEW: Oil India looks to double exploration area, focus on offshore regions

Oil India Ltd. is aiming to double its exploration acreage in coming years and seeking partnerships to realize the hydrocarbon potential of offshore regions in Indian sedimentary basins, its Chairman and Managing Director Ranjit Rath said. OIL has already earmarked a huge expenditure budget to push upstream projects following a series of policy reforms — such as the Open Acreage…Oil India Ltd. is aiming to double its exploration acreage in coming years and seeking partnerships to realize the hydrocarbon potential of offshore regions in Indian sedimentary basins, its Chairman and Managing Director Ranjit Rath said. OIL has already earmarked a huge expenditure budget to push upstream projects following a series of policy reforms — such as the Open Acreage…  Read More