Exploration & Production Of Oil & Natural Gas In India
As we know that the exploration & production of oil & natural gas in India is managed by the Ministry of Petroleum & Natural Gas. This organization has various Public Sectors Undertakings, subsidiaries and other companies which help the ministry in the process of exploration & production of natural gas in India.
The major work related to the process of exploration & production of natural gas India is mainly done by three major companies being administrated by the Ministry of Petroleum & Natural Gas production. The major players of this field are:
Oil India Limited
ONGC- Oil and Natural Gas Corporation Limited
Let us take a look at detailed information about these two companies playing important role in the exploration & production of natural gas India. Let us take a look:
Oil India Limited which is popularly known as OIL is a lead company which runs under the administrative control of Ministry of Petroleum and Natural Gas, Govt. of India. This company is engaged in the business of exploration, development and production of crude oil and natural Gas, transportation of crude oil and production of LPG. Important facts to mention here is that Oil India Limited is that it has a total are of over 1 lakh sq. km license areas for exploration & production of oil & natural gas in India. There are various works done by the oil company. The main activities involved are defined below:
• Exploring oil and natural gas in India.
• Producing crude oil and natural gas.
• Transporting crude oil to refineries.
• Supplying natural gas to consumers.
• Extracting and bottling of LPG.
The other major company in the filed of exploration & production of natural gas India is ONGC. It is also famous for being the leader in the filed of Oil & Natural Gas Exploration & Production. It has been ranked as the 20th among the Global publicly-listed Energy companies as per a report submitted by the PFC Energy. It has also won itself a place in the world famous Fortune Magazine’s list of the World’s Most Admired Companies during the year 2007.
Thus, we see that the exploration & production of oil & natural gas in India is done in efficient and managed way by world reputed companies.