Event Disclosure

Oil India Limited held its 67th Annual General Meeting (AGM) on September 17, 2026, under the chairmanship of Dr. Ranjit Rath, Chairman & Managing Director. The disclosure is made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Operational Performance

FY 2025-26 Production Metrics:

  • Crude oil production: 3.450 MMT
  • Natural gas production: 3.186 BCM
  • Terminal crude oil production rate: 10,566 MTPD (highest in 14 years)
  • Reserve Replacement Ratio: 1.02

Q1 FY27 Production Metrics:

  • Crude oil production: 0.950 MMT (11% year-on-year increase)
  • Highest-ever daily crude oil production: 10,921 MT (84,109 barrels)

Drilling Activities:

  • Completed 74 wells during FY 2025-26
  • 22 exploratory wells
  • 52 development wells

Financial Performance

FY 2025-26 Financials:

  • Consolidated PAT: ₹7,551 crore
  • Consolidated net worth: ₹53,716 crore
  • Total dividend declared: ₹11.50 per equity share
  • Group investment: ₹21,673 crore across exploration and production, refining, pipelines and strategic growth projects

Q1 FY27 Financials:

  • Highest-ever standalone quarterly PAT: ₹2,870 crore

Strategic Initiatives & Growth Roadmap

Production Targets:

  • Targeting approximately 10 MMTOE of oil and gas production by end of the decade

Offshore Exploration Strategy:

  • Exploration footprint exceeds one lakh square kilometres
  • Offshore portfolio includes acreages in Andaman, Krishna-Godavari, Mahanadi and Kerala-Konkan basins, including ultra-deepwater blocks
  • Alignment with Government of India's Samudra Manthan – National Offshore Exploration Scheme with outlay of ₹84,084 crore up to FY2030-31

Offshore Discoveries:

  • Andaman basin: Sri Vijayapuram-2 established natural gas occurrence
  • Andaman basin: Sri Vijayapuram-3 resulted in gas discovery with continuous flaring

Integrated Energy Value Chain:

  • Numaligarh Refinery Limited expansion from 3 MMTPA to 9 MMTPA in progress
  • Numaligarh-Siliguri Product Pipeline augmentation from 1.72 MMTPA to 5.5 MMTPA completed

Clean Energy Initiatives

Net Zero Commitment:

  • Net Zero 2040 ambition
  • Scope 1 & 2 emissions reduced by approximately 18% against FY24 baseline
  • Gas flaring reduced by 32%

Bioenergy Projects:

  • Operating through OIL Green Energy Limited (OGEL)
  • Focus on Compressed Bio-Gas (CBG), integrated CBG and Waste-to-Energy projects, renewable energy
  • Alignment with GOBARdhan – National Circular Bioenergy Scheme with outlay of ₹23,731 crore
  • Scheme covers municipal organic waste, agricultural residue, cattle dung, press mud and other biomass
  • Pursuing municipal solid waste-based integrated CBG and Waste-to-Energy projects

Innovation Ecosystem

  • Strengthening innovation through MC² platform, a collaborative PSU initiative
  • Supporting emerging energy technologies and building indigenous capabilities for energy transition

Future Outlook

Focus areas include growing domestic oil and gas production, expanding India's hydrocarbon resource base, building capabilities for frontier offshore exploration, developing scalable new energy businesses, maintaining capital discipline and strong balance sheet. The company remains committed to India's energy security and Viksit Bharat 2047 vision.