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MarketScreener Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Oil India Limited    OIL   INE274J01014

OIL INDIA LIMITED

(OIL)
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Oil India : Induction of Cyclic Steam Stimulation Technology- A Breakthrough by OIL

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12/04/2018 | 07:32am EDT

PRESS RELEASE

04th Dec., 2018

Noida

Induction of Cyclic Steam Stimulation Technology - A breakthrough by

OIL

Oil India Limited (OIL) successfully commissioned the Cyclic Steam Stimulation (CSS) Technology in the well BGW - 8 in Baghewala PML of Rajasthan for extraction of heavy crude oil for the first time in India.

The project was commissioned under the guidance of Dr. John Belgrave of M/s Belgrave Oil & Gas Corporation, a Canada based consulting agency.

As part of the Pilot Project, CSS will be implemented in 2(two) more wells followed by field scale implementation and will also be applied to assess the potential of other similar reservoirs.

This technique will ensure enhancement of production of heavy oil from this field.

********** Ends *********

Disclaimer

Oil India Limited published this content on 04 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 December 2018 12:31:01 UTC

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Financials (INR)
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EBIT 2020 39 431 M
Net income 2020 36 218 M
Debt 2020 17 421 M
Yield 2020 6,90%
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