• Three-prong upstream strategy: Oil India is enhancing production and reserves through increased development drilling, near-field exploration in existing mining leases, and concurrent rank exploration.
• Exploration footprint: Active drilling is underway across shallow-water locations in Andaman, Kerala-Konkan, and the KG Basin, alongside ongoing 2D and 3D seismic data processing for deepwater Mahanadi and KG basins.
• Deepwater bidding focus: The company is targeting the OALP 10 and OALP 11 bidding rounds to expand into deepwater and ultra-deepwater sedimentary basins in India's exclusive economic zone and Andaman-Nicobar.
• Mature field performance: Despite an intrinsic 8% to 10% decline rate in mature fields, the company arrested the drop over the last 3 to 4 years and delivered 3% to 4% production growth above the decline rate.
• Production enhancement technologies: Future output will be driven by cyclic steam stimulation, multilateral drilling, artificial lift, an expanded development well inventory, and efforts toward a major discovery.