Oil India (OIL) and TotalEnergies have inked a “Technology Service Agreement” on in New Delhi 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 Govt. of India, in the gracious presence of Pankaj Jain, Secretary, Ministry of Petroleum & Natural Gas and joined by Additional Secretary, 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 and Saloma Yomdo, Director (E&D), OIL in presence of the dignitaries and the senior officials of TotalEnergies and OIL.
The agreement puts in place a framework to leverage TotalEnergies’ world-class expertise in Deep & 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 & KrishnaGodavari 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.
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