It is developing a Central public sector companies of India. Its primary products crude oil and natural gas are for the Indian market. It is an oil refinery at Mangalore. So in August, , the Directorate was raised to the status of a commission with enhanced powers, although it continued to be under the government. Retrieved 28 July In other projects Wikimedia Commons.
It is an oil refinery at Mangalore. So in August, , the Directorate was raised to the status of a commission with enhanced powers, although it continued to be under the government. In , Government of India decided to develop the oil and natural gas resources in the various regions of the country as part of the Public Sector development. This was the very first investment by the Indian public sector in foreign countries and oil from Rostum and Raksh was brought to Cochin where it was refined in a refinery built with technical assistance from Phillips. It is India’s largest oil and gas exploration and production company.
ONGC was owed Rs. Before the independence of India inthe Assam Oil Company in the north-eastern and Attock Oil company in north-western part of the undivided India were the only oil producing companies, with minimal exploration input.
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Retrieved 26 June Acronyms Oil shale gas Peak oil mitigation timing People Petrocurrency Petrodollar recycling Shale band Shale gas Swing producer Unconventional oil heavy crude oil sands oil shale tight oil. InGovernment of India decided to develop the oil and natural gas resources in the various regions of the country as part of the Public Sector development.
Experts from Romaniathe Soviet Unionthe United States and West Germany subsequently visited India and helped the government with their expertise. Its primary products crude oil and natural gas are for the Indian market.
This resulted in the discovery of the Rostum oilfield in the early ‘sixties, very soon after the discovery of Ankleswar in Gujarat. ONGC climbs 16 ranks to position at “.
Oil and Natural Gas Corporation
Retrieved 4 May Subsequently, over 5 billion tonnes of hydrocarbons, which were present in the country, were discovered. In the inland areas, ONGC not only found new resources in Assam but also established new oil province in Cambay basin Gujaratwhile adding new petroliferous areas in the Assam-Arakan Fold Belt and East coast basins both onshore and offshore.
Central public sector companies of India. The major part of Indian sedimentary basins was deemed to be unfit for development of oil 2104 gas resources. Archived from the original on 19 July In a government survey for fiscal yearit was ranked as the largest profit making PSU in India.
Oil and Natural Gas Corporation – Wikipedia
Retrieved 14 February Since its inception, ONGC has been instrumental in transforming the country’s limited upstream sector into a large viable playing field, with its activities spread throughout India and significantly in overseas territories. The vast sedimentary tract in other parts of India and adjoining offshore remained largely unexplored.
ONGC has discovered 6 of the 7 commercially producing Indian Basins, in the last 50 years, adding over 7. Retrieved from ” https: From Wikipedia, the free encyclopedia. Soviet experts later drew up a detailed plan for geological and geophysical surveys and drilling operations to be carried out in the 2nd Five Year Plan — With this objective, an Oil and Natural Gas Directorate was set up towards the end ofas a subordinate office under the then Ministry of Natural Resources and Scientific Research.
Retrieved 28 July It is India’s largest oil and gas exploration and production company.