The incorporation of the giant indian oil company in 1959

assam oil company history

Encouraged by this discovery, exploration was furthered in entire western off-shore including Kerala-Konkan basin and eastern offshore area. The consortium signed an Interim Arrangement Agreement to continue in the block till May Few foreign companies participated but there was no committed exploration or breakthrough discovery.

The incorporation of the giant indian oil company in 1959

In order to find the expertise necessary to reach these goals foreign experts from West Germany, Romania, the US, and the Soviet Union were brought in. The Company operates a crude oil pipeline from Duliajan to Barauni, in Bihar.

father of indian petroleum industry

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 Francis Jenkins, Capt.

The oil industry, after independence, remained operated by foreign company for a considerable period.

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Indian Oil and Gas Industry