Oil India limited (OIl) holds participatory interest (PI) in 27 NElP blocks at the end of NElP IX bidding round. In addition, OIl is holding 40 per cent PI in one CBM block in Assam, the oil major's Chairman and Managing Director U Singh told shareholders at the 56th Annual General Meeting on Saturday.
Exploratory drilling is undergoing in both KG Basin and Mizoram blocks where Oil India is the operator, he added. Of the 27 blocks, it has the right of operatorship/joint operatorship in 12 blocks and as non-operator in 15 blocks at the close of the bidding round which ended on March 31, 2015.
Singh said during the year, OIl made 12 hydrocarbon discoveries, of which 11 were in the upper Assam basin and the last is a gas discovery in NElP VI BlOCK KG-ONN-2004/1 falling in East Godavari district of Andhra Pradesh.