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

OIL INDIA LIMITED

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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 EST

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)
Sales 2019 141 B
EBIT 2019 40 360 M
Net income 2019 34 753 M
Debt 2019 38 527 M
Yield 2019 7,01%
P/E ratio 2019 5,53
P/E ratio 2020 5,66
EV / Sales 2019 1,66x
EV / Sales 2020 1,69x
Capitalization 195 B
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Utpal Borah Chairman & Managing Director
Pramod Kumar Sharma Executive Director & Operations Director
Rupshikha Saikia Borah Finance Director & Executive Director
Biswajit Roy Executive Director & Director-Human Resources
Sunjay Sudhir Director
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