Energy Partnership
OIL is the oldest and the second largest Pan-India Integrated Energy Company with the coveted Maharatna status of the Public Sector Enterprises. It offers core winning capabilities and extensive access to the Energy value chain in the country. It also provides strong relationship with the government and regulatory bodies to further ease of doing business.
India as a destination offers unique opportunities for any global player with
- Untapped and significant hydrocarbon potential with a large offshore acreage
- Strong and growing domestic energy demand
- Supportive Government reforms for E&P sector
- Strategic Geographical Location and strong Geopolitical ties for a global and regional access and interest
OIL has shown significant financial and physical performance delivering the highest production and revenue in the recent years. Furthermore, OIL has been at the forefront of driving exploration in India acquiring 6 fold increase in exploration acreage in the last 5 years.
Going forward, OIL has outlined an ambitious vision with extensive thrust to exploration potential in offshore and continuing the momentum in the core E&P business doubling its revenue by 2030 with an aggressive cumulative capital outlay of INR 100,000 Crores. OIL has identified and created a strong thrust to drive global partnerships as part of its growth strategy
