OIL launches global Partner Roadshow ‘Confluence’ for unprecedented energy collaboration”

Strategic event marks OIL’s vision for ambitious growth, innovation, and transformative global energy cooperation.

In a display of ambitious strategic foresight, Oil India Limited, India’s oldest exploration and production company and the youngest Maharatna CPSE of India, has unveiled its inaugural global partner roadshow titled “Confluence: Where Energy and Opportunity Converge.” This groundbreaking event is scheduled for February 28, 2024, in Abu Dhabi, UAE.

This announcement underscores OIL’s unwavering commitment to aggressive growth and international collaboration. The company has set ambitious production targets, aiming for an annual production of 4 million metric tons of oil and 5 billion cubic meters of gas by FY26. With a revenue target of 12 billion USD by 2030, OIL plans to invest 4.8 billion USD across various activities, including intensifying exploration efforts, enhancing field development, and expediting production. Furthermore, OIL is poised to expand significantly across offshore Indian regions.

The roadshow will be hosted by the Chairman and Managing Director of OIL, along with the Director of Operations and senior officials of the company. This event serves as a pivotal platform to outline OIL’s comprehensive procurement strategies for the next one to five years. It offers a unique opportunity for partners to engage, ideate, and streamline the partner onboarding process. The event underscores OIL’s emphasis on cultivating robust relationships with its partners to explore new business opportunities in the energy industry, expecting participation from over 50 leading companies in the energy services sector.

This event is anticipated to be a landmark moment in OIL’s history, potentially reshaping the landscape of global energy cooperation. The primary focus will be on spearheading innovation, sustainability, and fostering strategic alliances. OIL aspires to establish new industry standards through collaborative efforts on a global scale. The roadshow aims to facilitate discussions on key themes such as innovation in the energy sector, sustainable practices, and the formation of strategic partnerships to address the evolving needs of the industry.