South West Pinnacle Exploration Wins LOA from Oil India Ltd for PST Services Worth ~Rs. 60 Crores

South West Pinnacle Exploration Ltd (SWPE) has won a Letter of Award (LOA) from Oil India Ltd (OIL) for imparting services of exploration of oil and gas through Passive Seismic Tomography (PST) in North Eastern Part of India. The LOA, valued at approximately Rs. 60 Crores, is a testament to SWPE's expertise in using advanced technologies for exploration. The company has previously successfully completed a PST project for OIL in the same region. SWPE is an integrated service provider for exploration of various natural resources, including coal, ferrous, non-ferrous, and atomic minerals, and conventional & non-conventional oil & gas. It uses technological tools like surface geographical investigation, downhole geophysics, 2D/3D Seismic, and PST. SWPE has won a coal block in Jharkhand, signed a Coal Mine Development and Production Agreement with the Ministry of Coal, Government of India, and is currently operating 15 projects on a Pan India basis.