Oil India · tone and specificity signals across the available quarters.
Language signals
The major reason of increase in the group performance is contribution from our material subsidiary which and our performance from our foreign subsidiary for our Russian investment. They have contributed 544 and 780 respectively where they register a better group performance for the quarter.
As far as the outlook for the current is concerned will be dependent on the performance we do not have any guidance available as of now how much of dividend will come but in the current quarter we have received around 17 million USD of dividend from our two assets and we are at least sure that during the current year 100% of investment for both the assets will be recovered by oil.
Our outlook would be at best maybe 65 to 70. We are currently hovering at around 66-67. So we don't expect a major increase in the crude oil price in the days ahead. If that happens that will be very good for us because the result that you have seen this time is largely because of a 22% drop in crude oil price.
We have achieved the highest ever daily crude oil production of the company has ever recorded [10,921 TPD on June 27] and as of today we have increased it to 11,201 on 3rd August.
The standalone operating revenue of Q1 FY27 is 7,958 cr which is highest ever quarterly revenue earned by Oil India Limited since it got listed in the financial year 2009-2010.
We are targeting 100 wells which includes onshore and offshore. The first rig [for deepwater] is going to come in June-July 27 and the second rig by March 28.
Force majeure has been withdrawn from November 2025. This is good news for our Mozambique operations through BRL.
We are trying our level best to bring the production to the level. If it is not up to the expected level, we will be quite close to expected level. That is what our attempt is.
The provisioning of the wells and write-off of the wells are two different independent activities. Even if you discover hydrocarbon, you cannot capitalize in immediate context - you have to ascertain the total volume and whether the economics work out.