OIL looking for partners to boost production from mature assets: Ops head

The company is planning to start drilling in newly acquired OALP blocks during the current financial year.

Oil India (OIL) is on the lookout for expert partners to boost production from its mature oil and gas fields. In an interview with Business Standard, OIL’s Director (Operations), Pankaj Kumar Goswami said that the company hopes that this experienced international or domestic partner will bring in technology optimised for the company’s assets. Goswami said that OIL also plans to begin drilling for hydrocarbons in the newly acquired Open Acreage Licencing Policy (OALP) blocks during the current financial year itself. Edited excerpts:

ONGC has been asked to rope in international partners to ramp up production from ageing fields. Does OIL