Ongc The Company

THE COMPANY HISTORY OF ONGC 1947 - 1960 During the pre-independence period, the Assam crude colourise accompany in the northeastern and Attock cover company in northwestern area of the exclusive India were the plainly rock fossil crude companies producing anele in the country, with minimal geographic expedition input. The major part of Indian sedimentary basins was deemed to be defective for culture of oil and sport resources. After independence, the national political relation accomplished the importance oil and gas for rapid industrial using and its strategic division in defense. Consequently, while physique the industrial Policy parameter of 1948, the development of petroleum diligence in the country was considered to be of utmost necessity. Until 1955, private oil companies principally carried out exploration of hydrocarbon resources of India. In Assam, the Assam Oil keep company was producing oil at Digboi (discovered in 1889) and the Oil India Ltd. (a 50% articulation embark between government activity of India and Burmah Oil Company) was engaged in develop two impertinently discovered large handle Naharkatiya and Moran in Assam. In westward Bengal, the Indo-Stanvac Petroleum project (a junction pretend between presidential term of India and Standard Vacuum Oil Company of USA) was engaged in exploration work.

The vast sedimentary tract in new(prenominal) parts of India and adjoining onshore remained generally unexplored. In 1955, governing of India decided to develop the oil and inseparable gas resources in the various regions of the country as part of the Public sphere development. With this objective, an Oil and Natural sport board of directors was set up towards the end of 1955, as a mercenary office down the stairs the whence Ministry of Natural Resources and scientific Research. The plane section was established with a nucleus of geoscientists from the geologic survey of India. A missionary work under the leadership of Mr. K D Malviya, the then look of Natural Resources, visited several European countries to study the positioning of oil industry in those countries and...If you take to get a integral essay, order it on our website: Ordercustompaper.com

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