StockWatch
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Oil Exploration & Production
Business Update18 Oct 2026, 11:30 am

Oil India Signs Special CBM Block RSC

AI Summary

Oil India Limited (OIL) has achieved a significant milestone by signing the Revenue Sharing Contract (RSC) for the Special Coal Bed Methane (CBM) Block SR-ONHP-(CBM)-2026/1 on October 15, 2026. This block, located in the Singrauli Coalfield region and spanning 272.14 sq. km, is expected to have coal seam depths between 600-800 metres and an average seam thickness of 40 metres. The signing ceremony was attended by key dignitaries from the Ministry of Petroleum and Natural Gas. This marks OIL's return to CBM exploration, aiming to enhance India's energy security by unlocking unconventional hydrocarbon potential.

Key Highlights

  • OIL signs Revenue Sharing Contract for Special CBM Block SR-ONHP-(CBM)-2026/1.
  • Block located in Singrauli Coalfield, spanning 272.14 sq. km.
  • Represents a return to Coal Bed Methane exploration for OIL.
  • Aims to strengthen India's energy security and unlock hydrocarbon potential.