India’s oldest exploration and production company, Oil India Limited, also the youngest Maharatna CPSE, announces big news. The company is launching its inaugural global partner roadshow: “Confluence: Where Energy and Opportunity Converge”. This event demonstrates a fueling display of ambition and strategic foresight. Oil India plans to hold this landmark event on 28th February 2024 in Abu Dhabi, UAE.
This event signals OIL’s commitment to aggressive growth and international collaboration. OIL has set its sights on ambitious production targets: 4 MMT oil and 5 BCM gas annual production by FY26. The company targets to generate 12 Billion USD in revenue by 2030. Furthermore, the company plans to invest 4.8 Billion USD across a range of activities. These activities include ramping up exploration efforts, enhancing field development and expediting production. Additionally, OIL plans aggressive expansion across offshore Indian regions.
The Chairman and Managing Director of OIL, along with the Director of Operations and senior officials, will host the roadshow. The event will serve as a critical platform to outline OIL’s detailed procurement strategies for the upcoming one to five years. It offers a unique opportunity for partners to engage, ideate, and expedite the partner onboarding process. Additionally, the event highlights OIL’s focus on building strong relationships with its partners. This aims to explore new business opportunities in the energy industry. The event is expected to attract over 50 leading companies from the energy services industry.
The event has the potential to transform the landscape of global energy cooperation, marking a landmark in its history. OIL will focus on spearheading innovation, sustainability, and strategic alliances. It aims to set new industry standards through collaborative efforts on a global scale.
