Maharatna PSU Oil India signs deal with TotalEnergies to expand India’s offshore oil portfolio
Maharatna PSU Oil India on Wednesday, November 19, 2025, signed a technology services agreement with French energy major TotalEnergies to expand the company’s Indian offshore oil portfolio, an official announcement said.
“Oil India Limited (OIL) and TotalEnergies signed a ‘Technology Services Agreement’ in New Delhi on 19 November 2025 to strengthen strategic collaboration for exploration activities in the Deep and Ultra-deepwater Offshore frontiers of Indian sedimentary Basins,” Oil India informed the stock exchanges through its filing.
What will cooperation bring?
According to the announcement, the collaboration with TotalEnergies aims to leverage the French energy giant’s expertise in the deep and ultra-deepwater exploration value chain to be implemented across Oil India’s current and future offshore portfolio.
Oil India plans to explore shallow offshore blocks in the Andaman Basin and explore in OIL’s OALP-IX Ultra deepwater Blocks in the Mahanadi and Krishna Godavari Basins.
The partnership between the two companies also aims to explore offshore fronts for potential hydrocarbon exploration in efforts to provide a sustainable energy option for India’s future.
Oil India stock price trend
Oil India share price closed up 0.53%. ₹435.85 after Wednesday’s stock market session ₹It was at 433.55 at the previous market close. The company announced the deal update during the afternoon market session on November 19, 2025.
Oil India’s shares have given stock market investors more than 617% of their investment in the last five years. However, shares have lost more than 10 percent in value in the last month.
On a year-to-date (YTD) basis, the company’s shares are down 0.19% in 2025 but are up 7.2% in the last one-month period. Oil India shares are trading 0.17% higher in the last five sessions on the Indian stock exchange.
Oil India shares hit 52-week high ₹52-week low at 528 on November 25, 2024 ₹322.15 on April 7, 2025, as per data collected from BSE website. Market value of the company (M-Cap) ₹71,058.36 crore as of stock market close on Tuesday, November 19, 2025.
Read all stories written by Anubhav Mukherjee
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