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Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report
Provider: Wright Reports
Provider: Kisan Ratilal Choksey Shares and Securities Private Limited

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Oil India Ltd Commences Drilling Operation In Gabon, Africa-Business Standard

Thursday, 1 Nov 2012 06:35am EDT 

Business Standard reported that Oil India Ltd has started drilling operations in Gabon, South Africa for hydrocarbon exploration. The beginning of drilling on the first well in Gabon by India's flagship explorer was done in the presence of senior officials of OIL and Punj Lloyd Upstream Ltd which has the contract for rig service. The onshore block in Shakthi was obtained from the Gabon government for hydrocarbon exploration in April 2006 forming a joint venture with Indian Oil Corporation Ltd (45%) and Marvis (10%) with Singapore Oil (45%) as the operator. 

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