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Oil India Limited

Oil India Limited is the second largest hydrocarbon exploration and production Indian public sector company with its operational headquarters in Duliajan, Assam, India.

Oil India Limited (OIL) is the second largest hydrocarbon exploration and production Indian public sector company with its operational headquarters in Duliajan, Assam, India. The company is a state-owned Navratna under the administrative control of India's Ministry of Petroleum and Natural Gas with its corporate offices in Noida in the New Delhi-NCR region.
 
OIL is engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of liquid petroleum gas. The company's history spans the discovery of crude oil in the far east of India at Digboi, Assam in 1889 to its present status as a fully integrated upstream petroleum company.
 
Oil India Limited was formed by the Burmah Oil Company Limited as its subsidiary in India 1887 to explore in the Assam Basin, India ( Corley, T A B, 1983, The History of the Burmah Oil Company, 1886-1983). Staff at the Burmah Oil Company Limited had heard from a geologist with the colonial British Indian Geological Survey, Thomas Oldham, that oil was found on the feet of elephants that were being used as beasts of burden in the vicinity of the Digboi village (Arun Metrie, pers. comm., former Burmah Oil economist, 1988). The oil on the elephants' feet was traced to the Digboi area, where a surface fold (anticline in geological parlance) had formed a broad hill. A successful technique for exploration for hydrocarbons at the time was drilling beneath seeps on anticlines (Thornton, S E, 2015, The history of Oil Exploration in the Union of Myanmar, Paper No. 10807), so Oil India drilled beneath the Digboi seeps and found a giant oil field. Several other oil fields were subsequently found by Oil India Limited in what became India's first oil production.
 
Recoverable oil reserves. As of 2014 the company produced 3.466 MMT of crude oil, 2625.81 MMSCM of natural gas and 46,640 tonnes of LPG.[1] Most of this was produced from its traditionally rich oil and gas fields concentrated in the Northeastern part of India and contribute around 80% of total oil and gas produced in the region. The search for newer avenues has seen OIL spreading out its operations in onshore / offshore Orissa and Andaman, Cauvery offshore, Tamil Nadu, Arabian Sea, deserts of Rajasthan, onshore Andhra Pradesh, riverbeds of Brahmaputra and logistically difficult hilly terrains of the Indian state Mizoram and Arunachal Pradesh. In Rajasthan, OIL discovered gas in 1988, heavy oil / bitumen in 1991 and started production of gas in 1996. The company has accumulated over a hundred years of experience in the field of oil and gas production, since the discovery of Digboi oilfield in 1889.
 
The company has over 100,000 square kilometres (39,000 sq mi) of licensed areas for oil and gas exploration. It has emerged as a consistently profitable International company[citation needed] and present in Libya, Gabon, Nigeria, Sudan, Venezuela, Mozambique, Yemen, Iran, Bangladesh and United States. OIL has recently emerged in the offshore giant gas-field project of Mozambique and also made discovery of oil & gas in Gabon as an Operator and Libya as non-operator. OIL acquired Shale oil asset in United States during 2012.
 
In recent years, OIL has stepped up E & P activities significantly in the North-East India. OIL has set up the NEF (North East Frontier) project to intensify its exploration activities in the frontier areas in North East, which are logistically very difficult and geologically complex.[citation needed] Presently, exploration activities are in progress along the Trust Belt areas of Arunachal, Assam including Mizoram. The Company operates a crude oil pipeline from Duliajan to Barauni, in Bihar.

 

Oil India Limited news

Oil India Limited Issue Fixed Rate Senior Unsecured Reg S Bonds

Mumbai: Oil India Limited (OIL) has issued US$ 550 million 5.125% Bonds of the 10-year tenor in the international capital markets. This is the first 10-year issuance out of India for a corporate issuer since March 2018 and the largest 10-year issuance of an Indian investment grade issuer in the R
Posted Date :  07-02-19

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Oil India Limited Organized the Sanrakshan Kshamta Mahotsav

Guwahati: Oil India Limited (OIL) has organized a mass awareness drive to observe Saksham Cycle Day on 20th January 2019 in association with NGO Earthful Foundation and Cycling clubs of Guwahati, Spokehub and BYCS.   Besides Drawing mass attention and sensitizing various groups of societ
Posted Date :  23-01-19

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OIL wins Golden Peacock Award for CSR for 2018

Mumbai: OIL bagged the national ‘Golden Peacock Award for Corporate Social Responsibility’ 2018. The award was conferred to Oil India Limited (OIL) at the 13th International Conference on Corporate Social Responsibility and Golden Peacock Awards Presentation Ceremony at Mumbai recently.The aw
Posted Date :  23-01-19

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Hindi Pakhwara 2018 Commences in PDIL on Hindi Diwas

New Delhi/Noida: Hindi Pakhwara was launched in PDIL’s Corporate Office at Noida by Shri D S Sudhakar Ramaiah, CMD, PDIL, on Hindi Diwas on 14th Sep 2018 by lighting the lamp in presence of Senior Officials and large no. of PDIL Employees. Female Employees of PDIL recited Saraswati Vandana and
Posted Date :  15-09-18

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