Case study Business Environment

OIL AND NATURAL GAS CORPORATION .

Case study of Business Environment,
Conducted by : Karan Desai
Course : B-tech, HNC.
Ecube Global College.

Table of contents

History……………………………………………………….

Company profile………………………………………………

Company vision and aims………………………….................

Organizational structure…………………………………….

Task 1 ……………………………………………………….. | learning outcome 1…………………………………………

Task 2 ……………………………………………………….. | learning outcome 3……………………………………………

History :

1947-1960 :~

During pre-independence, the Assam Oil Company in the North-Eastern and Attock Oil company in North-Western part of undivided India were the only oil companies producing oil in the country. The major part of Indian sedimentary basins was deemed to be unfit for development of oil and gas resources.
After independence, the Government realized the importance of oil and gas for rapid industrial development and its strategic role in defence. Consequently, while framing the Industrial Policy Statement of 1948, the development of the hydrocarbon industry in the country was considered to be of utmost necessity.
Until 1955, private oil companies mainly carried out exploration of hydrocarbon resources of India. Assam Oil Company was producing oil at Digboi, Assam (discovered in 1889) and the Oil India Ltd. (a 50% joint venture between Government of India and Burmah Oil Company) was engaged in developing two fields Naharkatiya and Moran in Assam. In West Bengal, the Indo-Stanvac Petroleum project (a joint venture between Government of India and Standard Vacuum Oil Company of USA) was engaged in exploration work. The vast sedimentary tract in other parts of India and adjoining offshore remained largely unexplored.

In 1955, Government of India decided to develop the oil and natural gas resources in the various regions of the country as part of Public Sector development. With this objective, an Oil and Natural Gas Directorate was set up in

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