Oil India to acquire seismic data for 40,000 sq km in Mahandi, KG Basin in FY26.

State-run Oil India Ltd (OIL) plans to acquire seismic data covering 40,000 sq km across the Mahanadi and Krishna-Godavari (KG) basins in the current financial year. The move is part of the company’s strategy to identify potential prospects before commencing drilling activity in the coming years.

“Our focus on cost optimisation is to enhance production. In FY26, we will carry out seismic data acquisition for this 40,000 sq km. After we establish prospects, we will go for drilling in deep and ultra-deep water by engaging drill ships in one or two years down the line,” said Ranjit Rath, Chairman & Managing Director of OIL.

The company expects the exploration programme to play a critical role in tapping India’s deepwater energy potential and strengthening its oil and gas production portfolio.