August 28, 2011. Navaratna oil explorer Oil India is chalking out an expansion and diversification strategy that could also include an entry into the city gas distribution space. The company is considering entering the gas transportation market, since it already has expertise in laying pipelines and transporting gas through pipelines. With respect to overseas exploration ventures, the company plans to focus its efforts on fields that have already been discovered. The company had set aside 40 per cent of its surplus funds for exploration initiatives. Now, that figure has risen to 52 per cent. Oil India also intends to improve recovery from existing oilfields. It is already engaged in increasing the productivity of mature oilfields by inducting new technologies and company has begun horizontal drilling in some fields to enhance recovery. Nevertheless, the diversification strategy will be conservative, with OIL sticking to areas in which it has some expertise.