Oil India plans to spend ₹15,000 crore for deepwater exploration over three years: CMD
Oil India announced a plan to invest about 15,000 crore rupees over the next three years in deepwater and ultra‑deepwater oil exploration. Chief managing director Ranjit Rath said the company does not anticipate technical or infrastructure obstacles to these projects, indicating confidence in its capability to expand offshore drilling activities. The funding is intended to boost offshore production and reduce reliance on onshore fields.