Stocks

New oil blocks win may spur Oil India

| Updated on July 17, 2019 Published on July 17, 2019

 

Oil India has won 12 out of 32 blocks under the oil Open Acreage Licensing Policy (OALP) rounds II & III. Of the total 23 blocks so far awarded, 11 are in Assam & Assam Arakan Basin in the Northeast, three in Rajasthan, five in Mahanadi Onshore, one in KG Offshore, two in Andaman Shallow Offshore and one in Kerala-Konkan Offshore basins. Post award of the OALP and DSF blocks, the PSU’s overall acreage position has increased to 51,477 sq km from 9,199 sq km.

Published on July 17, 2019
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