Oil India Limited Sets Stage for Global Energy Expansion with 'Confluence' Roadshow in Abu Dhabi
In a bold move to fortify its global presence and meet ambitious production targets, Oil India Limited, India's esteemed exploration and production company, is set to host its inaugural global partner roadshow, titled 'Confluence: Where Energy and Opportunity Converge', in Abu Dhabi, UAE, on February 28, 2024.
The company aims to achieve substantial production milestones, targeting 4 million metric tonnes (MMT) of oil and 5 billion cubic meters (BCM) of gas by the fiscal year 2026. To support these goals, OIL has outlined plans to invest USD 4.8 billion in initiatives focusing on exploration, field development, production acceleration, and a significant expansion into offshore Indian regions, with a vision to generate USD 12 billion in revenue by 2030.
Top management, including the Chairman and Managing Director, Director of Operations, and senior officials, will present at the roadshow, discussing the company's procurement strategies for the next one to five years. The event aims to expedite partner onboarding and establish robust relationships with potential global partners in the energy industry. Over 50 leading companies in the energy services sector are expected to participate, making the Abu Dhabi roadshow a pivotal moment for OIL.
This strategic move signifies a historic milestone for OIL, signaling its intent to reshape the global energy cooperation landscape. Emphasizing innovation, sustainability, and strategic alliances, the roadshow underscores OIL's determination to redefine industry standards through collaborative efforts on a global scale.
