OIL INDIA - Continuously recorded significant performance

Continuously recorded significant performance
The Story of Oil in India began in the dense jungles, Swamps and the river valley in Assam in the early years of the 19th century. But it was only in 1889 that the crude oil production started in commercial quantities through Digboi well no. 1. History records a long story of failure, frustration and despair over powered by the dogged determination of those gallant oil men engaged in oil exploration activities in the region.Naharkatiya oil field, discovered in 1953, was the first major success after Digboi. Then followed discovery of Moran oilfield in 1956. The first Government of Independent India found it prudent to give further boost to ongoing operations in the North Eastern region. Oil India Pvt. Ltd., was thus incorporated in 1959 as a joint venture of Burmah Oil Company/Assam Oil Company and the Government of India. Eventually Oil India Limited (OIL) became a Government of India. Enterprise in the year 1981. As a premier oil company of India, OIL has been pursuing diverse operations to help the country achieve self sufficiency in hydrocarbon resources.
Today OIL, as a premier National Oil Company produces nearby 3.20 million tonnes of crude oil, 1.5 billion cubic meters of natural gas and around 50,000 tonnes of LPG annually. The company owns and operates a range of facilities and services required for oil and gas exploration, development, production and transportation.
In the beginning, OIL's agenda was simple. To help India achieve self-sufficiency in Hydrocarbon resources. Towards this end, the company expanded it's range of operations from the traditional oil fields of Assam and Arunachal Pradesh to Mahanadi offshore in Orissa, the shifting sands of Jaisalmer(Rajasthan), Uttar Pradesh, Saurashtra and even the inaccessible depths of the Andaman Islands. And now, OIL is planning to pick-up stake in Hydrocarbon ventures abroad.
The company's 1200 Km. long pipeline network for transportation of crude oil is Asia's first fully automated pipeline, supplying to various refineries. OIL's leadership extends to the financial arena too. It has retained its position among the top profit making companies in India with a consistent and profitable track record. In 1997-98, OIL achieved a turnover of Rs. 1318 crores with a gross profit of Rs. 368 crores.
OIL has always been aware of its responsibility towards enrichment of the quality of life, not only of its own employees but also that of the people residing in and around the company's operational areas. OIL's ongoing Social Welfare Programme aims at providing a stimulating environment to the people. The programme revolves around Education, Medicare, Family Welfare, Agriculture development, Handicrafts, Sports etc. These programmes will continue in future also with increasing vigour.
Today, over 90% of the company's total energy requirements are met by natural gas utilisation. And massive afforestation programs have been undertaken at various field installations. OIL has established a rural development network, which covers 698 villages in its operational areas in the North East. 1997-98 saw Rs. 2.45 crores being set aside for community development and Rs.60 lakhs allocated towards development of educational institutions and sports and cultural organisations. In the course of it's projects, OIL has constructed over 800 Km. of roads and over 100 bridges.
Built mobile dispensaries and medical camps that provide child care and family health services.And disseminated handicraft and technical skills among the rural youth. All this and more, as part of OIL's mission of renewing and enriching every aspect, every region and each individual that the company touches.
The quest for perfection is a never ending one. Along the way, it has been gratifying for the company that it has received wide spread recognition and won accolades for it's achievements. Some milestones have been passed, some goals met, but many still remain. Foremost among them, the cherished goal of completely meeting the nation's ever growing need for crude oil. To fulfil this objective, OIL has intensified exploratory activities using state-of-the art technology and a two pronged strategy :

Increased hydrocarbon production by enhanced exploration and developmental efforts.
Continuation of tight fiscal and conservation measures, and promotion of alternative sources of energy.

OIL has established a rural development network, which covers 698 vilages in its operational areas in the North East. In 1997-98 Rs. 2.45 crores being set aside for community

It's been a long journey, but its still far from over. Over this horizon there are new ones. New challenges..... new opportunities. And OIL has set out to take it's place in the new Global village.
It is doing that by assisting companies, in India and abroad, in the field of petroleum exploration, development, production, transportation and allied services,.Recently, OIL has signed production sharing contracts with private companies, Viz. Essar Oil/Polish Oil & Gas Company, Hindustan Oil Exploration Company/General Fibre Dealer Ltd.,
Geoenpro Petroleum Limited/Eupro India Ltd./Geopetrol International Inc.
Besides these, the company signed a farm-out agreement with TOTAL of France, for exploration of hydrocarbons in the Sultanate of Oman. The company has also entered into MOUS with TOTAL of France and PREMIER OIL of UK for joint bidding for exploration blocus, new being offered under the New Exploration Licensing Policy of the Government of India. Moreover, OIL has been actively pursuing farm-in opportunities overseas, in Indonesia, Australia, Papua New Guinea,New Caledonia etc. with these, oil India Limited takes its first few steps towards becoming a major global player.
Activities of OIL

Basin Modeling and prospect evaluation
2D & 3D seismic surveys
Data Processing and interpretation
Oil well drilling and logging
Oil field development and reservoir management
Production of crude oil and natural gas
Transportation of crude oil through pipeline
LPG Production
Research and development
Human Resource development

Milestones

OIL started gas and water injection for Reservoir pressure Maintenance in the 1960s
First Deviation Drilling in India
First in India to start computerized numerical simulation
India's first LPG plant based on the turbo expander technology
Asia's' first fully automated long distance crude pipeline
First gas turbine power generation in Asia
Pioneering dual completion of oil wells, for the first time in 1962
Initiating the first polymer flood project in 1975
Constructing the world's first crude conditioning plant

ECO LOGIC ACTIVIES

Piped gas supply for domestic use replacing kerosene, five wood etc.
On going sophisticated underground gas storage scheme for reduction in following of surplus gas.
Audit cell set up in 1982 to enforce conservation measures for natural gas, diesel and electricity etc.Use of non-conventional sources of energy .
Waste heat utilisation for power generation .
CNG has been successfully used in vehicles running on HSD .
Modified gas burners have been installed for economic use of gas.
Gobar gas plants donated to rural folk.
Assistance to universities, colleges and school in building development, supply of equipment, books and award of scholarship.
Importing technical training and handicrafts training to rural youth.
Providing tube wells and sanitation to the weaker section of society.
Adoption of neighbouring villages for agricultural development.

Awards

Leader in public sector for 3years for financial performance 1981-84.
Corporate performance award of the Harvard Business School Association of India and Economic times (1985).
Petroleum Minister's, secretary's , petroleum sports control Board's trophies.
Environment Award- Govt. of Assam (1983)
National Safety Awards
Indira Gandhi Memorial National award for Excellence in public sector (1989).
Institute of chartered accountants of India for best presentation of annual report 1987-88, 1988-89.
IBPL urja foundation award for energy conservation(1993).

International green land society national award 1997-98, for best energy conservation and implementation.