Oil India to Cut Costs, Collaborate with TotalEnergies for Deepwater Exploration
ByAinvest
Tuesday, Nov 25, 2025 1:12 pm ET1min read
TTE--
Oil India Ltd (OIL) plans to reduce costs by ₹1,000 crore in 18 months due to falling crude oil prices. OIL's partnership with TotalEnergies will aid in deepwater exploration, an area where OIL lacks expertise. The collaboration will provide technical support and enable OIL to succeed in exploration, acquisition, processing, and interpretation of seismic data.
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