Oil India Limited clarified news regarding seismic studies for OALP-X bidding. The Chairman and Managing Director responded to a query from The Hindu at India Energy Week 2026. The information is general to Exploration & Production (E&P) Companies. Price variation is dynamic and related to Global Crude Oil Prices, not specifically attributable to the news article.
Clarification on News Item
Oil India Limited addressed concerns raised about a news item appearing on “https://www.thehindu.com” regarding seismic studies related to their OALP-X bidding strategy. The company provided clarity following a query regarding the accuracy and potential impact of the news.
CMD’s Response at Energy Week 2026
The Chairman and Managing Director of Oil India Limited responded to a correspondent from The Hindu during India Energy Week 2026. The discussion centered on seismic studies conducted for blocks acquired in earlier rounds, influencing the bidding strategy for OALP-X.
Nature of Information
Oil India Limited clarified that the information shared is general in nature, consistent with the activities of Exploration & Production (E&P) companies. Furthermore, the company stated that price variations are not attributable to the said article but are dynamic and related to global crude oil prices.
Source: BSE
