Oil India Limited has informed the Exchange regarding a press release dated May 22, 2026, titled "OIL Unlocks New Gas Potential in Dandewala Field in Rajasthan".
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Oil India Limited has announced a new natural gas discovery at its Dandewala Field in Rajasthan. The well is producing an average of 25,000 SCMD (Standard Cubic Meters per Day) of natural gas from the Sanu Formation at a depth of approximately 950 meters. This marks the first-ever successful establishment of gas presence in the shallower Sanu Formation at this field. Preliminary estimates indicate a Gas In Place of approximately 75 MMSCM. The discovery validates the company's strategy of revisiting subsurface potential through technical interventions and a 'missed opportunities' approach.
This discovery is positive for Oil India as it opens a new exploration play and enhances the prospectivity of the Dandewala field. The modest but encouraging gas flow rates and estimated reserves could contribute to future production growth, which is favorable for shareholders.