Press Release - Discovery of Natural Gas in the Shallow Offshore Block KG-DSF/GSKW/2018 of Krishna Godavari Basin by Oil India Limited

strqtr €Eqr FrdrFrdT orqfilq /Corporate office I Oil India Limited qB-. ,i l Unir No. K-400, soo, ooo, a+r-d/ Tower-K, e{Ra sarrt A 3{#d E-d is i-al I world Trade Centre u6.ff6R6T Sffi *td a-un / Hauroji Nagar, a-{ fraft I New Delhi-11 0029 eilqa€fur A Maharatna CPSE under utd/Phon", +91 -01 1 -261 81 ol 0 0t1 lltDn Government of lndia {-#0rc-mait: oilindia@dlindia.in Ref. No. OIL/SEC/32-3 3AllSl :-tlS I l Datcd: 23.10.2026 National Stock Exchange of India Limited BSE Limited Exchange Plaz.a, Department of Corporate Service Plot No. C/1, G Block, Phi roze .leej eebhoy'l'owers Ilandra Kurla Complex, Dalal Street Ilandra (tl). Mumbai - 400 051 Mumbai - 400 001 Symhol: OIt. Security Code: 533106 Sub: Press Releasc - Discoverv of Natural bas in the Shallow C)ffshore Block KG-DSF-/ CSKW/2018 of Krishna Godavari Basin bv Oil India Limited Ref : Reeulation 30 of the SEBI (LODR) Reeulations. 2015 Sir / Madam. Pursuant to Regulation 30 of the SEBI ([,ODR) Regulations,20l5, Press Release datccl 23.10.2026 on the captioned subject. is submitted herewith for your infbnnation & rccords please. 'l-hanking you. Yours laithtirlly. For Oil India Linrited A.K. Salroo Company Secretary & Compliance Ofllccr l'lncl: As above rid-'qdsrqfdsgfrqrmra,Eq[6,,3[g"fl, /Regd. Office Duliajan, Pin - 786602, Dibrugarh, Assam, Tel.: +913742804510, +913742800427 Web: www.oil-india.com I CIN - Ll1101AS1959GO1001148 Date: October, 23, 2026 Discovery of Natural Gas in the Shallow Offshore Block KG-DSF/ GSKW/2018 of Krishna Godavari Basin by Oil India Limited Oil India Limited (OIL), a National Oil Company & Maharatna CPSE with presence across the entire Oil & Gas Value Chain has made a significant stride in its quest for hydrocarbons with the discovery of Natural Gas in the otherwise unapprised “Matsyapuri” formation in the Krishna-Godavari Basin. The Well Godavari – 1 has been drilled as an Appraisal Well in the Discovered Small Field Block KG- DSF/GSKW/2018 in the shallow offshore water of KG Basin, awarded to the Company as a Sole Operator. Out of the selected pay zones, presence of hydrocarbon was reported in the depth range of 2024 to 2027 meters. Production testing of the zone started from 16th October 2026 and resulted in flow of Natural Gas to the surface at a flow rate of about 1 Lakh SCUMD with maximum flow rate of 2 Lakh SCUMD achieved on continuous testing with composition of condensate at the rate of about 170 bopd (API @ 60 °F is 55.8) and water with Well Head Pressure of 1815 psi. Presently preparations are on for testing the next higher up zone. Issued by - Public Relations Department. *******