Maharatna CPSE Oil India secures 9 blocks under OALP IX, Wins all bids
Landmark win for Oil India in OALP IX: Secures all 9 blocks bid for, achieving a 100% strike rate and significantly boosting its exploration acreage, including deep offshore.
Oil India Limited (OIL), a Maharatna CPSE of MoPNG, and a leading energy company in India, in a landmark stride, secured 9 blocks under OALP Round IX, adding over 51,000 Sq.km to its exploration portfolio — with 6 blocks as sole operator and 3 as consortium partner. This milestone propels OIL’s total exploration acreage from 60,000 Sq.km to 110,000 Sq.km, registering a remarkable 85% growth.
Significantly, OIL had submitted bids for 9 blocks and won all 9, achieving a 100% strike rate, underscoring the company’s strategic focus, technical strength, and competitive edge. This bold expansion is a clear reflection of OIL’s strategic vision and strong alignment with India’s energy priorities. Notably, over 47,000 Sq.km of the newly awarded acreage lies in deep and ultradeep offshore waters, marking a breakthrough as OIL takes on technically complex and high-potential frontiers.
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OIL has also made its debut in the Cambay Basin and the state of Meghalaya, unlocking fresh opportunities in untapped geological provinces. Backed by the Government of India’s transformative policies — including the Hydrocarbon Exploration and Licensing Policy (HELP), Ease of Doing Business reforms, and the unlocking of ‘No-Go’ areas — this achievement signals a new era of growth, confidence, and capability.
OIL is not just acquiring acreage — we are charting the future. As India accelerates toward energy security and self-reliance, OIL is driving that momentum with purpose, precision, and bold ambition.
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