Oil India Limited (OIL) — Announcement Announcement
📢 Key Event
Oil India announces gas discovery in Rajasthan's Dandewala field
💡 Investor Takeaway
This discovery enhances the company's gas resource base and may improve future revenue potential from the Dandewala field.
Oil India Limited announced a significant gas discovery in the Dandewala field of Rajasthan, marking the first successful gas presence in the shallower Sanu Formation. The well delivered an average inflow of 25,000 SCMD from approximately 950 meters depth, with preliminary estimates indicating around 75 million standard cubic meters of gas in place. This development expands the field's prospectivity and supports future appraisal and production scaling efforts.
📄 View Original Announcement (PDF)
About Oil India Limited (OIL)
Oil Gas & Consumable Fuels · Oil · Listed on NSE
Market Cap: ₹84,307.08 Cr
P/E: 10.0
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.