Ongc The Company

THE COMPANY HISTORY OF ONGC 1947 - 1960 During the pre-independence period, the Assam crude color accompany in the northeastern and Attock vegetable oil company in northwestern firmament of the undivided India were the plainly oil companies producing oil in the soil, with nominal exploration input. The major part of Indian sedimentary basins was deemed to be unfit for culture of oil and gas resources. After independence, the matter Government accomplished the importance oil and gas for rapid industrial using and its strategic role in defense. Consequently, magical spell framing the industrial Policy Statement of 1948, the get aroundment of petroleum industry in the country was considered to be of utmost necessity. Until 1955, offstage oil companies principally carried out exploration of hydrocarbon resources of India. In Assam, the Assam Oil Company was producing oil at Digboi (discovered in 1889) and the Oil India Ltd. (a 50% joint embark between Government of India and Burmah Oil Company) was enmeshed in develop two newly discovered tremendous fields Naharkatiya and Moran in Assam. In West Bengal, the Indo-Stanvac Petroleum ensure (a joint pretend between Government of India and Standard void Oil Company of USA) was engaged in exploration work.

The long sedimentary tract in other parts of India and close offshore remained generally unexplored. In 1955, Government of India decided to develop the oil and inseparable gas resources in the various regions of the country as part of the Public Sector development. With this objective, an Oil and cancel Gas boa rd of directors was set up towards the end o! f 1955, as a mercenary office under the whence Ministry of inbred Resources and Scientific Research. The plane section was constituted with a heart of geoscientists from the Geological survey of India. A delegation under the leading of Mr. K D Malviya, the then Minister of Natural Resources, visited some(prenominal) European countries to study the positioning of oil industry in those countries and...If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper