Oil India Ltd signs agreement with Total Energies to foster Deepwater Alliance

OIL and Total Energies signed a Technology Service Agreement to strengthen strategic collaboration for exploration activities in Deep and Ultra-deepwater Offshore frontiers of Indian sedimentary Basins, including the stratigraphic wells as mandated by the Government of India, in the gracious presence of Shri Pankaj Jain, Secretary, Ministry of Petroleum & Natural Gas and joined by Additional Secretary, Shri Praveen Mal Khanooja, and Dr. Ranjit Rath, Chairman & Managing Director, OIL.

New Delhi, 19th November 2025: State-owned Oil India Limited (OIL) and TotalEnergies signed a Technology Service Agreement to strengthen strategic collaboration for exploration activities in Deep and Ultra-deepwater Offshore frontiers of Indian sedimentary Basins, including the stratigraphic wells as mandated by the Government of India, in the gracious presence of Shri Pankaj Jain, Secretary, Ministry of Petroleum & Natural Gas and joined by Additional Secretary, Shri Praveen Mal Khanooja, and Dr. Ranjit Rath, Chairman & Managing Director, OIL.

The agreement was signed by Dr. Sangkaran Ratnam, CMD, TotalEnergies Gas & Power Projects India Private Ltd. and Shri Saloma Yomdo, Director (E&D), OIL in presence of the dignitaries and the senior officials of TotalEnergies and OIL. According to the agreement a framework has been formed to leverage TotalEnergies’ world-class expertise in Deep and Ultradeep water exploration value chain across OIL’s current & future Offshore portfolio.

It includes the ongoing appraisal programme of gas find in the shallow Offshore Blocks in Andaman Basin, exploration in OIL’s OALP-IX Ultradeep water Blocks in Mahanadi & Krishna-Godavari Basins. It also covers evaluation of opportunities under ongoing OALP X / future bid rounds and provide support during stratigraphic well drilling initiative in offshore Category-II & III Basins. The strategic collaboration marks a significant milestone in OIL’s commitment to pursue exploration in offshore frontiers towards possible hydrocarbon discovery and secure sustainable energy future for India.