OIL records its highest daily oil & gas production in 10 years

New Delhi: Oil India Limited (OIL) said on Friday that it recorded its highest-ever daily oil and gas production of 1,47,159 barrels of oil equivalent (BOE) on March 26, 2026, calling it “a landmark achievement for India’s energy sector.” The company said the milestone was supported by “record drilling of 73 wells and 300 workovers,” and added that crude oil production of 80,060 barrels on the same day was its highest daily output in the last 10 years.

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Record daily output builds on FY25 performance

The daily production milestone comes after OIL reported its strongest annual output so far in FY 2024-25. According to the company’s annual report, crude oil production rose 2.95 percent year-on-year to 3.458 million metric tonnes (MMT) from 3.359 MMT in FY 2023-24, while natural gas production reached a record 3,252 MMSCM. The company’s total oil and oil-equivalent gas output touched 6.710 MMTOE, its highest-ever since inception.

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Significance in a tighter energy market

The production gains matter more because India is dealing with a severe West Asia energy disruption. In a parliamentary statement, the Petroleum Ministry said the Strait of Hormuz — through which 20 percent of the world’s crude, natural gas and LPG flows — had been disrupted and was “effectively closed to commercial shipping.”

OIL said the achievement reflected “strong operational performance” and its “continued commitment towards strengthening India’s energy security.”

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