Fuel / NEWS UPDATE
Oil India Strikes Natural Gas in Shallow Offshore Basin
Published · 1 min read
Oil India Limited (OIL) has discovered natural gas in the Matsyapuri formation of the Krishna-Godavari Basin, recording a peak flow of 200,000 standard cubic meters per day.
The company plans to test the next zone for potential drilling. India aims to enhance domestic oil and gas exploration amid supply disruptions, with the government launching a $8.8 billion National Offshore Exploration Scheme through FY 2030-31.