About Oil India Limited

 

Oil India Limited (OIL), incorporated in 1959, traces its roots to India’s first crude oil discovery at Digboi in 1889. Over six decades, it has evolved from a conventional exploration and production company into a diversified, integrated energy enterprise aligned with a long-term Vision 2040 strategy, spanning upstream, refining (through subsidiaries), pipelines and clean energy initiatives.

 

Oil India Limited’s Business Segments

 

• The Group’s primary products and services are organised as Crude Oil, Natural Gas, Petroleum Products (refinery), LPG, Pipeline Transportation and Renewable Energy, which form its reporting segments.

 

• OIL operates across key Indian geographies—Odisha, Andhra Pradesh, Rajasthan, Assam, Arunachal Pradesh, Tripura and Nagaland—along with offshore activity in the Andaman, Kerala-Konkan and KG shallow waters. As on March 31, 2025, it was operating in 1 PEL and 25 PML nominated areas, and pursuing exploration in 26 OALP blocks covering 52,298 sq. km. Internationally, OIL maintains a presence in producing and development assets across Russia, Venezuela and Mozambique through joint ventures, and maintains an overseas office at Libreville, Gabon.

 

• A year of milestones saw OIL record its highest-ever oil and oil-equivalent gas production of 6.710 MMTOE, and its highest-ever natural gas production of 3,252 MMSCM in FY 2024–25, reflecting sustained operational momentum. The Company further strengthened its resource base, adding 5.8714 MMToE (2P) of reserves during the year.

 

• Number of subsidiaries: 5.

 

Oil India Limited Key Management

 

• Dr. Ranjit Rath – Chairman & Managing Director

 

• Shri Saloma Yomdo – Director (Exploration & Development)

 

• Shri Abhijit Majumder – Director (Finance)

 

• Shri Trailukya Borgohain – Director (Operations)

 

• Dr. Ankur Baruah – Director (Human Resources)

 

• Shri Abhijit Majumder – Chief Financial Officer (w.e.f. 18.12.2024)

 

• Shri A.K. Sahoo – Company Secretary & Compliance Officer

 

Latest Updates on Oil India Limited

 

• Record production: OIL delivered its highest-ever O+OEG output of 6.710 MMTOE and highest-ever natural gas production of 3,252 MMSCM in FY 2024–25.

 

• Exploration footprint: The Company executed 444.46 LKM of 2D and 1,150.82 sq. km of 3D seismic, and advanced airborne geophysical surveys to refine basin understanding in the Assam–Arakan Basin.

 

• Acreage wins: OIL secured all nine blocks under OALP Bid Round IX; six as Operator and three jointly with ONGC, with Revenue Sharing Contracts signed on April 15, 2025.

 

• Reserves and discoveries: Added 5.8714 MMToE (2P) in FY 2024–25; made two discoveries in Mechaki PML (Assam) and established hydrocarbons for the first time in the North Bank of the Brahmaputra through exploratory well Kobochapori-1.

 

• Flaring reduction: Achieved a 59% cut in flaring, abating nearly 2,79,000 tCO₂, supported by 11 new gas compression facilities and evacuation lines; progressing towards the “Zero Flaring 2025” goal.

 

• Clean energy and new fuels: NRL is developing a 200 KTPA Sustainable Aviation Fuel project at Paradip (HEFA route) and a 2.4 KTPA green hydrogen plant targeted for commissioning in 2025.

 

• Renewables platform: Incorporated “OIL Green Energy Limited” on January 31, 2025; formed JV “APGCL OIL Green Power Limited” on February 21, 2025 for solar projects totalling 645 MW in Assam.

 

• Critical minerals: Secured its maiden critical mineral block (graphite and vanadium) in Arunachal Pradesh; later secured the Jorkian–Satipura–Khunja Amalgamated Potash and Halite Block in Rajasthan; signed MoUs with MECL, KABIL and IREL to jointly explore and process critical minerals in India and abroad.

 

• Bio-energy: Target to establish 25 Compressed Biogas plants nationwide; groundbreaking for four plants in Assam on October 2, 2024; land acquisition and tendering progressed at multiple sites.

 

• CGD expansion: HPOIL operated 30 CNG stations with 21,005 PNG connections in Ambala–Kurukshetra and 29 CNG stations with 38,914 PNG connections in Kolhapur; PBGPL commissioned 15 CNG stations and expanded PNG in Assam; new GA win in Nagaland in the 12th CGD bidding round.