Company Profile

Oil India Ltd. (Oil India)

Get all the information about Oil India Ltd. (Oil India), a company operating mainly in the Oil & Gas sector. Connect with its key contacts, projects, shareholders, related news and more. The company has operations in India, which include Other (Contractor Companies), Onshore, Production, Crude oil, Offshore, Deepwater, Concessions, Upstream, Shallow waters, Industrial Services, Midstream, Oil & Gas, Gas pipelines, Type of hydrocarbons, Industrial Contracting, Location, Conventionals andNatural Gas. Write to us at info@bnamericas.com or call us at +56 (2) 29410300 to schedule a demonstration of our platform.

Other (Contractor Companies) Onshore Production Crude oil Offshore Deepwater Concessions Upstream Shallow waters Industrial Services Midstream Oil & Gas Gas pipelines Type of hydrocarbons Industrial Contracting Location Conventionals Natural Gas

Description: Oil India Limited (OIL) is a stat-run corporation engaged in the exploration, development, and production of crude oil and natural gas, also providing transportation services of crude oil and LPG. The government of India holds a 67.6% stake in the firm. In Venezuela, OIL is involved in Project Carabobo, a joint venture led by local state-owned company Corporacion Venezolana del Petroleo (CVP), (71%) also the operator of the blocks C1 Central and North. OIL holds a 3.5% stake in the venture, with other minority interests held by Indian Oil Corporation Limited (3.5%), ONGC Videsh Ltd (11%) and Repsol YPF (11%). The project involves the production of heavy crude and trading of upgraded crude for 25 years, with a possible 15-year extension. The JV signed the contract in 2010. Oil India Ltd. was incorporated in 1959 and is headquartered in New Okhla Industrial Development Authority (Noida).

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