Oil India Limited has informed the Exchange regarding a press release dated September 26, 2025, titled "Oil India Reports Occurrence of Natural Gas in Andaman Shallow Offshore Block.".
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Oil India Limited has announced the reported occurrence of natural gas at its second exploratory well, Vijayapuram-2, in the Offshore Andaman Block AN-OSHP-2018/1, awarded under the Open Acreage Licensing Policy (OALP). Preliminary analysis of gas samples collected during initial production testing has confirmed the presence of natural gas. Further gas isotope studies and additional testing of higher-up prospects are underway to better understand the gas's origin and assess the full potential of the block. This marks the first reported hydrocarbon occurrence during the ongoing exploration campaign in the Andaman Shallow Offshore Block.
Positive early-stage news for shareholders — while this is an exploratory finding and not yet a commercial discovery, it signals encouraging potential in a new frontier basin and could boost investor sentiment. Material commercial impact will depend on further testing and reserve estimates.