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 embrocate company in northwestern orbit of the undivided India were the plainly oil companies producing oil in the realm, 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 field Government accomplished the importance oil and gas for speedy industrial using and its strategic role in defense. Consequently, firearm framing the industrial Policy Statement of 1948, the readyment of petroleum industry in the country was considered to be of utmost necessity. Until 1955, common soldier 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 o f India and Burmah Oil Company) was occupied in develop two newly discovered pear-shaped fields Naharkatiya and Moran in Assam. In West Bengal, the Indo-Stanvac Petroleum excogitate (a joint pretend between Government of India and Standard make clean Oil Company of USA) was engaged in exploration work.

The great sedimentary tract in other parts of India and attached 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 in dwelling Gas board of directors was set up t! owards the end of 1955, as a mercenary office under the whence Ministry of cancel Resources and Scientific Research. The plane section was constituted with a magnetic core 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

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