### **1. Corporate Overview** Oil India Limited (OIL) is a **Maharatna** Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas, Government of India. As the **second-largest national exploration and production (E&P) company**, OIL operates across the entire energy value chain—**upstream, midstream, downstream, and new energy sectors**—positioning itself as a **fully integrated energy major**. The company holds a **69.63% stake** in **Numaligarh Refinery Limited (NRL)**, its key downstream subsidiary, and manages a diversified portfolio including petrochemicals, city gas distribution (CGD), pipelines, and renewable energy. OIL is actively expanding its footprint to become a **global E&P player** and a **critical enabler of India’s energy security and Atmanirbhar Bharat initiative**. --- ### **2. Strategic Collaborations & Key Projects (2025)** #### **Ramayapatnam Refinery & Petrochemical Complex (Oct 2025)** OIL and **Bharat Petroleum Corporation Limited (BPCL)** have formed a strategic collaboration to develop the **Ramayapatnam Refinery and Petrochemical Complex** in southern India. The project aims to **enhance India’s energy self-reliance** and integrate India’s refining and petrochemical capabilities. #### **Cross-Country Pipeline Project (Oct 2025)** OIL, **BPCL**, and **Numaligarh Refinery Limited (NRL)** signed a **tripartite MoU** for a **₹3,500 crore** cross-country **petroleum product pipeline** from **Siliguri to Mughalsarai via Muzaffarpur**, with augmentation of depot infrastructure. - Ownership Structure: **BPCL (50%), OIL (25%), NRL (25%)** - Project enhances product evacuation and strengthens regional energy access. #### **CGD Expansion – Arunachal Pradesh (Aug 2025)** Through an **OIL-BPCL consortium**, OIL secured its **first retail gas distribution license** in **Arunachal Pradesh** under the 12th CGD bidding round, administered by PNGRB. This marks a **strategic entry into retail gas distribution**. --- ### **3. Upstream Exploration & Production (E&P)** #### **Domestic Operations** - **Core Basin**: Main Producing Area (MPA) is the **Assam Shelf Basin** in Northeast India, with additional operations in Arunachal Pradesh, Rajasthan, Tripura, Nagaland, Odisha, Andhra Pradesh, and offshore areas (Andaman, Kerala-Konkan, KG shallow waters). - **Active Acreage (as of Mar 2025)**: - **52,298 sq km** across **62 blocks** (1 PEL, 25 PML, 26 OALP blocks). - Plans to expand via **OALP Rounds X** and **DSF Round IV**. #### **OALP IX Round – Record 100% Success (Apr–Aug 2025)** - Secured **9 exploration blocks** totaling **51,555 sq km**, including **6 operated blocks (40,590 sq km)** and **3 joint-operated with ONGC (10,965 sq km)**. - Revenue Sharing Contracts signed on **April 15, 2025**. - Entry into **ultra-deep offshore basins** in Mahanadi, KG, Andaman, Cambay, and **first-ever entry into Meghalaya and the Cambay Basin**. - Strategic intent: **Expand into frontier, high-potential areas**. #### **New Discoveries (2024–2025)** - **Assam’s Mechaki PML**: - **Mechaki-6 (Oil Discovery)**: Deepest onshore producing well (>5,700m), contributed **0.00513 MMT oil**, turned the block into a producing one. - **Mechaki-7 (Gas Discovery)**. - **Kobochapori-1 (Assam)**: First confirmed hydrocarbon presence on the **North Bank of Brahmaputra**—a **new exploration frontier** after 30 years. - **Sesabil, North Bank, and Barekuri fields** are key near-field exploration zones. #### **Production Targets (2025–27)** | Fiscal Year | Crude Oil (MMT) | Natural Gas (MMT) | |-------------|------------------|-------------------| | FY25–26 | 3.70 | 3.65 | | FY26–27 | 3.95 | 4.31 | - **Mission 4+**: Targeting **4 MMT oil & 5 BCM gas** in the medium term. - **Long-Term Target (2030)**: **10–12 MMTOE annual production**. --- ### **4. International Operations & Portfolio** - **7 Countries, 10 Upstream Assets**: Russia, Venezuela, Mozambique, Nigeria, Libya, Gabon, USA. - **Reserves**: **41 MMTOE (2P)** globally. #### **Russia (High-Return Investments)** - **Vankorneft & Taas Yuryakh (Siberia)**: - Dividends: **$942 million**, exceeding **91% of initial investment**. - **Full investment recovery imminent**. - OIL holds **8% stake in Vankorneft** and **equity via joint ventures**. #### **Mozambique LNG Project – Golfinho-Atum (Area 1)** - **OIL’s Stake**: **10%** via **Beas Rovuma Energy Mozambique Limited**; TotalEnergies is operator. - **Capacity**: 13.12 MMTPA across **2 LNG trains**. - **Status**: Project to **resume operations by mid-2025** due to improved security; FID passed in 2019; investment secured. - Strategic Value: **Proximity to Indian markets**; long-term off-take agreements with Indian buyers. #### **Nigeria (OML 142)** - **Stake**: **25% (50% in JV with IOCL)** in onshore Niger Delta block with gas/condensate potential from Otien #1 well. --- ### **5. Midstream Infrastructure & Gas Monetization** #### **Pipeline Network** OIL operates **~3,700 km** of integrated pipelines: - **Crude**: 1,247 km (one of **Asia’s oldest automated systems**). - **Gas**: 192 km (DNPL: Duliajan to Numaligarh). - **Products**: 654 km. - **Target (by 2030)**: - Crude: **>18 MMTPA** - Gas: **>2.6 MMTPA** - Products: **>5.5 MMTPA** #### **Key Pipeline Projects (2025 Completion Target)** | Project | Capacity | Status | |--------|--------|--------| | **Paradip–Numaligarh Crude Pipeline** | 9 MMTPA | To be commissioned **Oct 2025** | | **Numaligarh–Siliguri Pipeline** | 5.5 MMTPA | Operational by **Jul 2025** | | **Duliajan–Numaligarh Gas Pipeline** | 2.5 MMSCMD | Upgrading from 1.0 MMSCMD; **Oct 2025** | | **India-Bangladesh Friendship Pipeline** | 1 MTPA | **Already operational (0.4 MTPA currently transported)** | #### **Indradhanush Gas Grid (IGGL)** - **OIL Group Stake**: **40%** in JV with NRL, GAIL, IOCL. - Phase-wise rollout from **Jul 2025 to Mar 2027**. - Will connect **Northeast India to the national gas grid**, supporting regional development. - OIL also pursuing a **feeder line from Duliajan** to IGGL. --- ### **6. Downstream & Petrochemicals** #### **Numaligarh Refinery Limited (NRL)** - **Refining Capacity**: Being **tripled** from **3 to 9 MMTPA**; **on track for Dec 2025 commissioning**. - **GRM**: **$5.14/bbl (FY25)** – outperforms Singapore benchmark. - **Utilization**: **102%** in FY25. - **Distillate Yield**: **87%**, favoring diesel. #### **Downstream Projects** - **360 KTPA Polypropylene Unit (PPU)**: Under development at NRL; uses feedstock from cracker complex. - **Bio-Refinery (2G Ethanol)**: Joint venture with NRL to produce **50 TMT ethanol/year from bamboo** (non-food feedstock). - **Petrochemical Ventures**: - **BCPL**: 54 KTPA high-purity glycerine and 220 KTPA ethylene - **APL**: 600 TPD methanol, 125 TPD formaldehyde, 40 KTPA DME (with Korean firm Biofriends) --- ### **7. City Gas Distribution (CGD) & Retail Expansion** - **9 Geographical Areas (GAs)** under OIL and its JVs: Assam, Tripura, Arunachal Pradesh (via JV with BPCL), Nagaland (via JV with HPCL), Kolhapur, Ambala-Kurukshetra. - **CNG Stations**: - 34+ stations across JVs (HPOIL, PBGPL, NEGDCL). - **500+ CNG outlets planned by 2030**. - **PNG Connections**: Over **60,000** domestic users. - NEGDCL (OIL & Assam Gas JV) leads CGD in Northeast. --- ### **8. New Energy & Energy Transition (Vision 2040)** Aligned with India’s **Net Zero by 2070** and its own **Net Zero by 2040** goal, OIL is transforming into a **full-spectrum energy company**. #### **Renewables & Green Energy** - **OIL Green Energy Limited (OGEL)**: Wholly owned subsidiary (Jan 2025) to drive new energy. - **Solar**: - **188 MW installed** (Rajasthan, Madhya Pradesh, Gujarat). - **1,000 MW (Rajasthan)** and **645 MW (Assam via APGCL JV)** in development. - **Green Hydrogen**: - **1 MW plant (Nalagarh, HP)** under construction. - **2.4 KTPA plant** planned at Numaligarh Refinery. - Pilot **60kW green H2 bus trial** in Assam (inaugurated by PM in 2023). #### **Critical Minerals Exploration (First PSU in Sector)** - Targeting **lithium, graphite, rare earths, copper, cobalt**. - Secured **graphite and vanadium blocks in Arunachal Pradesh**. - Strategic MoU with **UAE’s IRH** for global critical minerals supply chain collaboration (Sep 2024). #### **Technology-Driven Initiatives** - **Zero Flaring by 2025**: - 11 low-pressure **gas compression units** deployed. - 16 more planned to unlock stranded gas. - **CO2 Sequestration**: Capturing **99% pure CO2** from BCPL plant for EOR evaluation. - **Geothermal, Gas Hydrates, Natural Hydrogen**: Under feasibility study via R&D centers. --- ### **9. Technology & Innovation** #### **R&D Infrastructure** - **R&D Centre, Duliajan**: Focus on **flow assurance, EOR, oilfield chemicals**. - **Centre of Excellence for Energy Studies (CoEES), Guwahati**: - Research in **reservoir modeling, carbon capture, critical minerals, gas hydrates**. - Hosts **state-of-the-art core repository and geological labs**. - **"Designated Institute"** for ER screening (government approval). - **Patents**: **18 held**; 1 granted in FY24–25. #### **Digital Transformation – Project DRIVE** - **AI-driven drones, real-time production monitoring**, and **predictive leak detection**. - **DRIVE 2.0** underway: Command center, IT-OT integration, cyber risk management. - **PRISM Centre**: India’s first **hybrid CPU-GPU HPC setup** for seismic processing. - **IORA Platform**: In-house software for **reserves assessment and portfolio management**. #### **Advanced EOR & Exploration Tech** - **Cyclic Steam Stimulation (CSS)** in Rajasthan for heavy oil. - **Fishbone drilling, radial wells, MEOR, hydro-frac** in mature fields. - **Airborne Gravity Gradiometry & Magnetic Survey**: 5,711 line-km acquired in Northeast. - **Multilateral Drilling**: To be deployed in **Barekuri field**.