Kya hua
Oil India CMD announced ₹15,000 crore deepwater exploration spend over 3 years across 48,000 sq km (2 KG + 2 Mahanadi blocks)
Oil India Limited will invest ₹15,000 crore over the next three years to expand deepwater exploration, CMD Ranjit Rath announced, positioning the state-owned explorer to ramp up offshore output amid tightening domestic supply.
The capex covers 48,000 sq km of acreage across two KG Basin and two Mahanadi blocks, with an eight-well drilling plan contingent on seismic interpretation results.
Oil India's FY25-26 output hit an all-time high of 3.450 MMT crude and 3.186 BCM gas, while the Numaligarh refinery expansion to 9 MMTPA nears end-of-FY completion.
Timeline
- Sep 2026 — CMD Ranjit Rath ne ₹15,000 crore deepwater capex announce kiya
- FY25-26 — Production record high pe
- End of FY — Numaligarh refinery expansion 9 MMTPA tak
Kyun matter karta hai
Eight-well drilling plan and Numaligarh refinery expansion will shape India's offshore output and import dependence trajectory
Money
Business Executives · Energy Sector Watchers
₹15,000 crore capex se Oil India aur uske contractors ke liye offshore investment cycle continu hoga
Work
Energy Sector Watchers
8 well drilling plan aur Numaligarh refinery stabilisation se upstream aur downstream mein hiring aur skill demand shape hogi
Daily Life
General Public
Deepwater exploration se India ka crude import dependence medium term mein kam ho sakta hai
Seedhi baat
Oil India's ₹15,000 crore deepwater bet signals sustained offshore investment under Samudra Manthan support
Oil India to spend ₹15,000 crore on deepwater exploration over 3 years — CMD Ranjit Rath's roadmap covers 48,000 sq km across KG and Mahanadi blocks
Verified sources (5)
Oil India plans to spend ₹15,000 crore for deepwater exploration over three years: CMD
↗Oil India deepwater exploration capex under Samudra Manthan
↗Oil India CMD outlines deepwater roadmap, Numaligarh expansion
↗Oil India FY25-26 output at record high, 8-well deepwater plan
↗Oil India exits Bangladesh, Gabon to focus on producing assets
↗Claims and linked sources
8 claimsOil India 3 saal mein ₹15,000 crore deepwater exploration karne ka plan hai
CMD Ranjit Rath ne khud deepwater capex plan announce kiya
Ye programme 48,000 sq km cover karega — do KG Basin aur do Mahanadi blocks mein
Samudra Manthan scheme FY31 tak ₹84,084 crore aur har well ke liye ₹675 crore support nazar rakhta hai
8 wells plan hain, lekin seismic interpretation ke results pe depend karte hain
Numaligarh refinery expansion 9 MMTPA end-of-FY tak complete hone wala hai, 9-12 months stabilisation chahiye
Oil India Bangladesh aur Gabon ke assets bichh ke producing holdings pe focus kar rahi hai
FY25-26 production 3.450 MMT crude aur 3.186 BCM gas tak pahunchi, dono record high