Oil India, TotalEnergies form deepwater exploration alliance

Oil India Limited (OIL) and TotalEnergies have signed a technology service agreement to strengthen strategic collaboration for exploration in India’s deep and ultra-deepwater offshore sedimentary basins. This alliance targets stratigraphic wells mandated by the government of India. The agreement was finalized in New Delhi, witnessed by key dignitaries from the Ministry of Petroleum & Natural Gas, and Dr. Ranjit Rath, chairman and managing director of OIL.

The collaboration leverages TotalEnergies’ deepwater exploration expertise across OIL’s current and future offshore portfolio. This includes ongoing appraisal of gas finds in shallow offshore blocks in the Andaman Basin and exploration in OIL's OALP-IX ultra-deepwater blocks in Mahanadi & Krishna-Godavari Basins. It also covers the evaluation of opportunities under ongoing OALP X and future bid rounds, providing support for stratigraphic well drilling initiatives in offshore Category-II & III Basins.

This strategic partnership is a significant step in OIL's commitment to offshore exploration, aiming for potential hydrocarbon discoveries and contributing to India's sustainable energy future. The agreement was signed by Dr. Sangkaran Ratnam, CMD, TotalEnergies Gas & Power Projects India Private Ltd., and Shri Saloma Yomdo, director (E&D), OIL.