Oil India Accelerates Oil Output with ₹10,000 Cr Investment

Oil India has reaffirmed its FY27 crude oil production target of 4 MTPA (up from 3.45 MTPA in FY26) through accelerated exploration and production activities. To support its Mission 4+ initiative, the Maharatna company is ramping up upstream capital expenditure to over Rs 10,000 crore (compared to Rs 8,900 crore in FY26). The increased investment will fund asset expansion, enhanced recovery from mature fields using advanced techniques like cyclic steam stimulation, and strengthen domestic energy security.

News by Rahul Yelligetti.