Oil India to spend ~15,000 crore on deepwater exploration
Oil India chairman Ranjit Rath said the company plans to spend around 15,000 crore over the next three years on deepwater exploration, aiming to drill eight wells subject to seismic data.
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04:16:24 AM UTC
SquawkNews
Oil India Lines Up 15,000 cr for Deepwater Exploration Push
Oil India plans to spend around 15,000 crore over the next three years on deepwater exploration, chairman Ranjit Rath said on Thursday. The company intends to drill eight wells, though the final count will depend on how it interprets seismic data from the fields, Rath said.