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OIL and TotalEnergies to Explore High-Potential Offshore Basins in India

"OIL and TotalEnergies has inked a technology service agreement to strengthen strategic collaboration for exploration activities in deep and ultra-deepwater offshore frontiers of Indian sedimentary Basins, including the stratigraphic wells as mandated by the government of India," OIL said in a statement.

The agreement puts in place a framework to leverage TotalEnergies' expertise in deep and ultra-deepwater exploration value chain across OIL's current and future offshore portfolio.

It includes the ongoing appraisal programme of gas find in the shallow offshore blocks in Andaman basin as well as exploration in OIL's ultradeep water blocks in Mahanadi and Krishna Godavari Basins. It also covers evaluation of opportunities under current and future bid rounds and providing support during stratigraphic well drilling initiative in offshore Category-II & III Basins, the firm said.

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