Oil India Limited is an oil and energy concern operating out of its headquarters in Noida in the New Delhi-NCR region while maintaining significant operations in Duliajan, Assam, India. While the company is considered a public sector endeavor, it is run by the Indian Government under the responsibility of the Ministry of Petroleum and Natural Gas.
Oil India has two primary areas of focus. The first relates to hydrocarbon exploration while the rest of the company is involved in the area of traditional exploration, production and transportation of crude oil and natural gas.
While this company was founded back in 1959 as a subsidiary of major oil concern, it’s parent company, the Burmah Oil Company Limited, can trace its roots back to 1889 with the initial discovery of oil reserves in the Assam Basin, India region. As an interesting side note, the oil discovery as made when English geologists reported seeing oil on the feet of elephants in the area.
As another interesting side-note, Oil India operates a pipeline that traverses over 719 miles through rivers and forest. The machine that pumps a capacity of over 6.0 MMTPA through the pipeline holds the current record for machine hours logged with well over 200,000 hours.
Based on 2014 projections, Oil India had control over oil reserves amounting to approximately 80% of the total being produced out of the North-eastern part of the country. Production levels for that year came to 3.466 MMT of crude oil, 2625.81 MMSCM of natural gas and 46,640 tonnes of LPG. In total, the company controls over 100,000 square kilometres (39,000 sq mi) of land with international oil reserves in countries such as Libya, Nigeria, Venezuela, Mozambique, Yemen and United States, among others.
Mr Utpal. Bora currently serves as the company’s Chairman. As a government owned entity, financial and employee records are not currently available.
