Oil India Ltd JA Last Five Years Papers | 56419

 

Oil India Ltd JA Last Five Years Papers:

Oil India Limited was formed by the Burmah Oil Company Limited as its subsidiary in India 1887 to explore in the Assam Basin, India ( Corley, T A B, 1983, The History of the Burmah Oil Company, 1886-1983). Staff at the Burmah Oil Company Limited had heard from a geologist with the colonial British Indian Geological Survey, Thomas Oldham, that oil was found on the feet of elephants that were being used as beasts of burden in the vicinity of the Digboi village (Arun Metrie, pers. comm., former Burmah Oil economist, 1988). 

A successful technique for exploration for hydrocarbons at the time was drilling beneath seeps on anticlines (Thornton, S E, 2015, The history of Oil Exploration in the Union of Myanmar, Paper No. 10807), so Oil India drilled beneath the Digboi seeps and found a giant oil field. Several other oil fields were subsequently found by Oil India Limited in what became India's first oil production.

Recoverable oil reserves. As of 2014 the company produced 3.466 MMT of crude oil, 2625.81 MMSCM of natural gas and 46,640 tonnes of LPG.[1] Most of this was produced from its traditionally rich oil and gas fields concentrated in the Northeastern part of India and contribute around 80% of total oil and gas produced in the region.

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