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The story of Oil India Limited (OIL) symbolizes and traces the development and growth of India’s petroleum industry. From the first commercial discovery of crude oil in the far east of India at Digboi (Assam) to becoming a fully integrated upstream petroleum company, OIL has traversed a great distance. In the process, it has crossed many a milestone. In 1889, crude oil was first discovered in the fields of Digboi. On 18th February, 1959, Oil India Private Limited was incorporated to expand and develop the newly discovered oil fields of Naharkatiya and Moran in the North East of India. In 1961, OIL became a joint venture company between the Govt. of India and Burma Oil Company Limited, UK. Two decades later, in 1981, Oil India Limited became a wholly owned Government of India enterprise. Today, Oil India Limited (OIL) is a premier Indian National Oil Company engaged in the business of Exploration, Development and Production of Crude Oil and Natural Gas, Transportation of Crude Oil and Production of LPG. The Company also provides various E&P related services to the industry and holds 26% equity in Numaligarh Refinery Ltd.
Corporate Objectives ● Exploration for new oil and gas reserves ● Development of discovered oil fields and increased recovery from matured and developed fields ● Acquisition of new exploration acreage and oil and gas producing properties ● Venturing into oil fields service sector and participation in midstream activities ● Enhanced implementation of SHE measures in operations ● Sustain & promote environmental protection ● Optimum utilization of human resources ● Engage in Corporate Social Responsibility activities in operational areas ● Ensure reasonable return on capital and optimize cost of production Activities of OIL OIL is operating in 53 blocks and has participating interest in another 16 Blocks with a total of over 100,000 sq.kms of licensed areas. It produces 70,000 bbls/day of crude oil and 260 MMSCFD of natural gas, with a total production of oil and oil equivalent of 1,11,000 bbls/day. To achieve its vision to be the fastest growing company, the company has realized the need to look beyond the shores of India. Aggressively seeking for overseas business opportunity is one of the strategic goals of OIL. Within a short span of 4-5 years, OIL is already present in 6 countries like Iran, Libya, Gabon, Sudan, Yemen and Nigeria. The focus is also on West Africa, CIS countries, Middle-East countries, etc. With the discovery of heavy
oil in Farsi Block in Iran, OIL already has tasted its first success overseas.
Oil India Ltd., (OIL) is a large stateowned oil and gas company in India under the administrative control of the Ministry of Petroleum and Natural Gas of theGovernment of India. OIL is engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of liquid petroleum gas. OIL is the pioneer in exploration and production of hydrocarbons in India, and traces its roots back to Oil India Private Ltd., formed in 1959 with The Burmah Oil Company Ltd. holding two-thirds of equity and Government of India holding one-third. Oil India Private evolved into Oil India Ltd., which was an equalpartnership between Burmah Oil and Government of India. In 1983 the company became a public sector undertaking of the Government of India. The Company presently produces over 3.2 MMTPA (million tons per annum) of crude oil, over 5 MMSCMD of Natural Gas and over 50,000 Tones of LPG annually. Most of this emanates from its traditionally rich oil and gas fields concentrated in the Northeastern part of India and contribute to over 65% of total Oil&Gas produced in the region. The search for newer avenues has seen OIL spreading out its operations in onshore / offshore Orissa and Andaman, deserts of Rajasthan, plains of Uttar Pradesh, riverbeds of Brahmaputra and offshore Saurashtra. In Rajasthan, OIL discovered gas in 1988, heavy oil / bitumen in 1991 and started production of gas in 1996. The company has accumulated over a hundred years of experience in the field of
The Company operates a crude oil pipeline in the North East for transportation of crude oil produced by both OIL and ONGCL in the region to feed Numaligarh. since the discovery of Digboi oilfield in 1889. Pasighat and other Trust Belt areas. the company has the skill and expertise to manage the entire range of operations required for onshore oil and gas production. . Presently. The company has over 100.000 square kilometres of license areas for oil and gas exploration. the double skinned crude oil pipeline traverses 78 river crossings including the mighty Brahmaputra River meandering through paddy fields. Commissioned in 1962. From well completion to wellbore servicing. installation. Bongaigaon and Barauni refineries and a branch line to feed Digboi refinery. forests and swamps.0 MMTPA remains the lifeline of the Company. Guwahati. It has emerged as a consistently profitable internationalcompany with exploration blocks as far as Libya and sub-Saharan Africa.oil and gas production. Oil India Pipeline History A 1157 kilometres long fully automated telemetric pipeline with 212 kilometres of looping having a total capacity to transport over 6. which are logistically very difficult and geologically complex. operation and maintenance of modern surface handling facilities. OIL has set up the NEF (North East Frontier) project to intensify its exploration activities in the frontier areas in North East. In recent years. OIL has stepped up E & P activities significantly including Gas monetization in the North-East India. seismic surveys are being carried out in Manbhum. It is possibly the only company to do so.
There are 9 pumping stations. OIL has come far. OIL also sells its produced gas to different customers in Assam viz. The engines that drive the giant pumps along the pipeline have crossed over two hundred thousand hours of service and established a world record of machine run . 1959. NEEPCO. The Company is currently in the process of constructing a 660 KM long Product Pipeline from Numaligarh to Siliguri. The Pipeline is expected to be completed by mid 2007. The company also produces Liquefied Gas (LPG) in its plant at Duliajan. On February 18. 17 Repeater stations and a terminal at Barauni. IOC (AOD). Oil India Private Limited was incorporated to expand and develop the newly discovered oil fields of Naharkatiya and . ASEB. and APL and to RSEB in Rajasthan. Assam.hours. From the discovery of crude oil in the far east of India at Digboi. crossing many milestones. BVFCL. It had an IPO on the BSE and the NSE in 2009 The story of Oil India Limited (OIL) traces and symbolises the development and growth of the Indian petroleum industry. Assam in 1889 to its present status as a fully integrated upstream petroleum company.
The Government of India. contributing 10 per cent of its total gas production. it became a joint venture company between the Indian Government and Burmah Oil Company Limited.45 Crores. In 1961. development and production of crude oil and natural gas. 240. Today. The Issued.Moran in the Indian North East. OIL became a wholly-owned Government of India enterprise. UK. 500 Crores. At present.57% of the Equity capital is held by others. Subscribed and Paid share capital of the company is Rs. In 1981. . The balance 21. OIL has over 1 lakh sq km of PEL/ML areas for its exploration and production activities.43% of the total Issued & Paid-up Capital of the Company. OIL is a premier Indian National Oil Company engaged in the business of exploration. which accounts for its entire crude oil production and majority of gas production. the Promoter of the Company is holding 78. Rajasthan is the other producing area of OIL. The Authorized share capital of the Company is Rs. most of it in the Indian North East. OIL also provides various E&P related services and holds 26% equity in Numaligarh Refinery Limited. transportation of crude oil and production of LPG.
transparency and mutual trust creating employee pride. etc.Additionally. Nigeria and Sudan. Oil India is fully committed to safety. OIL’s exploration activities are spread over onshore areas of Ganga Valley and Mahanadi. committed to honesty. OIL was adjudged as one of the five best major PSUs and one of three best energy sector PSUs in the country. Core Purpose "The fastest growing energy company with a global presence providing value to the shareholder" OIL's Vision Oil India is the fastest growing Energy Company with highest profitability. OIL also has participating interest in NELP exploration blocks in Mahanadi Offshore. as well as various overseas projects in Libya. Oil India is a team. Oil India delights the customers with quality products and services at competitive prices. . innovations and aspirations with best practices. Oil India is a responsible corporate citizen deeply committed to socio-economic development in its areas of operations. In a recent CRISIL-India Today survey. Mumbai Deepwater. Krishna Godavari Deepwater. Iran. health and environment. integrity. nurturing initiatives. Oil India is a Learning Organization. Gabon.
07.129% in IOCL 43.323 % Addl 30% carried interest 3 SR-OS. The list of PSCs. Geoenpro Petroleum. Hindustan Oil Exploration Company (HOEC). Geopetrol International Inc.04. in India.548 % HOEC ON-94/ 1 Expl Phase HOEC 40. Enpro India. Besides bidding on its own. their locations and partners where OIL has participating interest or operatorship: Sl.12. Polish Oil and Gas Company (POGC).1998 16. and Reliance Industries. OIL expanded its business activities both within and outside the country.06. OIL has signed Production Sharing Contracts (PSCs) with private companies like Essar Oil.09.2001 15 % ONGCL 25 % RIL 3 RIL 60 % .Keeping in perspective the Indian Government’s liberalisation policy and the dismantling of the Administered Pricing Mechanism. GAIL and IOC in acquiring exploration blocks offered under New Exploration Licensing Policy (NELP) of the Government of India. In the E&P sector. adding hydrocarbon related ventures like gas based power generation to its portfolio.06.No.06. OIL has joined ONGC. Block Date of Company's Other Participating Operator No Execution Participating Partners Interest Interest 1 Kharsang 16.2001 100 % NIL NIL OIL ONN2000/1 5 GK-OSJ.2000 30% Carried RIL 100 % RIL 94/1 Interest 4 RJ17.1995 40 % JEPL 25 % GeoPS C Geo 25 % enpro Petrol 10 % GeoEnpro 2 AAP30.
02.2001 20 % OSN2000/2 MN17.04.07.2003 15 % ONN2001/ 3 C Y 04.2004 30 % ONN2002/3 AA06.02.02.06.6 MBDWN2000/2 17.2004 10 % ONN2002/4 R J .2003 70 % ONN2001/1 AA04.2001 10 % 7 8 9 10 11 12 13 14 15 16 17 KG12.2001 40 % ONN2000/1 R J .07.2004 20 % DWN2002/ 1 ONGCL IOCL GAIL GSPCL ONGCL ONGCL GAIL IOCL ONGCL GAIL IOCL ONGCL 50 15 15 10 % 85 % 40 20 20 % 20 20 20 % 30 % % ONGCL % % ONGCL % ONGCL % % OIL % OIL ONGCL ONGCL OIL ONGCL OIL % ONGCL % ONGCL ONGCL 85 % ONGCL 80 % ONGCL 70 % ONGCL 90 % ONGCL 40 % ONGCL BPCL ONGCL BPCL 70 10 % 70 10 % .02.02.02.2004 60 % ONN2002/1 KG-DW 06.07.2003 20 % -DWN2001/1 AA06.04.2004 20 % N-2002/1 MN06.02.2000 15 % DWN98/4 MN17.02.
2007 75 % 02.18 19 20 21 22 23 24 25 CR-ON.03.2007 85 % 02.03.2007 10 % POC IOCL EO L HPCL 29 35 16 % 15 % % POC % OIL % OIL OIL OIL OIL % OIL % ONGCL % % % % ONGCL % % OIL Suntera 10 Shiv15 % Vani Shiv15 % Vani Suntera 10 % GGR GGR HPCL ONGCL GAIL GSPCL HPCL BPCL ONGCL GAIL GSPCL HPCL GGR 25 % 25 15 % 50 10 10 10 10 % 60 10 10 10 % 10 % 26 02.2007 90 % Alliances Acquisition of overseas exploration blocks and oil & gas properties is a strategic focus area of OIL.2007 75 % 02.03.2005 85 % 02.04.2007 90 % 02.2005 20 % 90/1 AAONN2003/3 MZONN2004/1 AAONN2004/1 AAONN2004/2 RJONN2004/2 RJONN2004/3 KGDWN2004/ 5 KGDWN2004/6 KGONN2004/1 23.2007 10 % 27 02.09.03.06.03.03.2007 60 % 02.03. To facilitate this .03.
the Government of India extended the mechanism of Empowered Committee of Secretaries (ECS) for quick clearance of overseas proposals of OIL in consortium with IOC and other Public Sector Companies in December 2005.strategy. . In India. West Africa • The block is located in the Location: Interi less explored interior basin or Basin towards the north-eastern part of Area: 3761 sq this geo-politically stable. exploration acreages. CIS countries and Russia. OIL provided E&P consultancy for the first time since its inception to M/s Morris Petroleum. OIL welcomes joint venture opportunities in gas-based industries including the power sector and trunk pipeline ventures. 2D • Aeromagnetic API Seismic and wells completed. etc.km rich country. incorporated in Nigeria. • Block prospectively is • IOCL (45%) expected to be pre-salt • Marvis Petroleum. South America. in Africa. South East Asia. oil. towards evaluation and submission of bids for development of marginal fields offered by the Government of Nigeria through the Nigerian Petroleum Company. Block SHAKTI (FT. OIL is actively pursuing opportunities to acquire producing E&P assets.2000). Middle East. Singapore Cretaceous Clastic plays with an (10%) indication of sizeable reserve Past Exploration Activity base. • Aero gravity. magnetic. • The block is adjacent to the Consortium Panocean Energy-operated Partners producing Remboue oil field • OIL (45%) (Block ET 2000). and is willing to associate with reputed companies to jointly fulfill this objective. Onshore Gabon.
4 years two wells and gas in one well. • Gas Commerciality report • Reprocessing 2200 lkm of 2D seismic data has been submitted to NIOC.Work Commitment Reprocessing data • • 2D Seismic 700 km API of 2D Seismic. Offshore Iran • Exploration & Production Location: Persia Service Agreement (EPSA) n Gulf entered with National Iranian Oil Area: 3500 sq Company (NIOC) in 2002. Five drillable Past Exploration Activity locations were identified. • Drilling of 4 wells Block 86 . 1 well Farsi Block. Operator) acquisition has since been • IOCL (40%) completed. • API OF 2D/3D seismic of • Oil Commerciality report to 17.000 lkm be submitted soon. Consortium Partners • First phase of exploration comprising of reprocessing • OIL (20%) seismic data and 2D/3D seismic • OVL (40%.Onshore Libya . • Second phase of exploration • 2D Seismic and 3 wells comprising of drilling of 4 wells has been completed. km • Earlier operators had drilled Water five wells within the block in Depth: 20 – 90 three prospects. of which two M wells had produced around 3300 bopd oil. Work Commitment • Oil has been discovered in • Exploration Phase .
The northern boundary of the block forms the southern Consortium Partners boundary of Block 86. 2D seismic acquisition completed.Partners IOCL combine in its maiden attempt as consortium partners • OIL (Operator) acquired this onshore block in • IOCL the oil-prolific Sirte Basin in the Past Exploration Activity face of stiff international competition. Area: 7087 sq • During the Libyan km Exploration and Production Service Agreement (EPSA IV) Consortium Bid Round I. OIL . • During the Libyan • OIL (Operator) Exploration and Production • IOCL Service Agreement (EPSA IV) Past Exploration Activity Bid Round II. • Block 102(4) .Onshore Libya • The block is located in the Location:West Sirte Basin scrub desert area of western Area: 2710 sq km Libya. 2005.5 years • D . Processing started.1000 lkm signed in March 2005. significant • 2 wells reserves of hydrocarbon are expected. 2004. the OIL . • First phase of exploration started. • Block prospectivity is mainly Cretaceous plays. • 2D Seismic and wells • OIL stepped into the international arena for the first Work Commitment time as an operator. with the formal PSC agreement being • Exploration Phase .The block is located in the Location: Sirte scrub desert area of Western Basin Libya.
considerable lkm / 500 sq km reserves of hydrocarbon are expected. Processing / Interpretation started.Onshore Libya • This area is located in Location:Ghadames Basin Southwestern part of the Area: 6934 sq km country.5years • The PSC has been signed on • 2D . • Wells – 08 . • Exploration Phase .acquired the second onshore block in the oil-prolific Sirte • 2D Seismic and wells Basin as operator. 2008 • 3D .1000 Cretaceous plays. • In EPSA. Consortium Partners 2007. Formal PSC Work Commitment for the block was signed in December 2005.5years • Block prospectivity is • 2D / 3D Seismic .25% oil giants. 2 & 4) .25% the intense competition with the • IOC . 2D seismic acquisition completed. • Exploration Phase . OIL and IOC • SONATRACH won this oil-prolific Ghadames (Operator) Basin located onshore block in • OIL . Km. Bid Round IV. the Consortium of M/s 50% SONATRACH. • 1 wells First phase of exploration started. • Area 95/96 (Block 2/1.2000 lkm May 25.2600 Sq. Past Exploration Activity • Block prospectivity is mainly identified in two prospective • 2D Seismic of 1984-1996 horizon viz Tadrat/Aouinet vintage and 06 wells (Devonian) and Memouniat (Ordovician) with substantial gas Work Commitment reserve.
5% 50% share of JV M/s Suntera Past Exploration Activity Nigeria 205 Ltd. Onshore Nigeria • The block is located in the Location:Niger Delta-Anambra Northern Niger Delta Depobelt basin overlapping the inland Area: 2094 sq km Cretaceous Anambra Basin. Km (contingent) • 2 Appraisal Wells Block 82. Future course of • 3D Seismic Survey .OPL205. Ltd. • OIL-IOC consortium holds • IOC .5% Suntera Nigeria 205 Ltd.15% • IOC . • MEDCO led consortium was • MEDCO -45% (operator) awarded the block in Third • Kuwait Energy . Yemen • The block is located in the Location:Messila Basin southwestern flank part of oil Area: 1853 sq km prolific Messila Basin and southern part of Mukalla high of Consortium Partners Yemen onshore.17. Work Commitment • Drilling of first well has been completed. • Block prospectivity is mainly • 2D seismic of different Agbada Reservoir with vintage 1970-1990 & 1 well significant recoverable reserves.25% Yemen International Bid Round • OIL . – on nomination basis. • Block prospectivity is mainly Past Exploration Activity Cretaceous Clastic reservoir with . • M/s Summit Oil assigned 30% 40% PI and 70% Working and • Suntera Resources – 35% Economic Interest to M/s (Operator) • OIL .15% 2006. • M/s Summit Oil Consortium Partners International Ltd. got the licence • M/s Summit Oil Intnl.17.200 Sq action is being assessed.
1 well Work Commitment • • • • • 3 Years Reprocessing 2D API .330 LKM 3D API . approval by well Parliament is awaited. Work Commitment • • • • • • 3 Years Reprocessing 2D API . Km. Onshore Yemen • The block is located in the Location:Messila Basin northeastern flank of oil prolific Area: 364 sq km Messila Basin of Yemen onshore.330 LKM 3D API .15% Cretaceous Clastic reservoir with Past Exploration Activity substantial recoverable reserves.170 Sq.155 Sq.25% • OIL . approval by Km.2001 vintages & Parliament is awaited. • Limited Seismic (100 Sq.15% 2006.substantial recoverable reserves. Consortium Partners • MEDCO led consortium was awarded the block in Third • MEDCO -45% (operator) Yemen International Bid Round • Kuwait Energy . • PSC is signed.) of 1987 . Km. 2D Seismic of 400 LKM & 1 • PSC is signed. 3 Wells to be drilled Block 83. 3 Wells to be drilled . • Block prospectivity is mainly • IOC .
2004 as Director (Operations) and was elevated to the position of Chairman and Managing Director with effect from December 1. Dhanbad. 2008. Kumar holds a Bachelor’s degree in Commerce from Osmania University. he worked with HPCL for 23 years. he was the Director (Finance) of NRL for over three years and prior to that. He is also a member of the Institute of Chartered Accountants of India. Trondheim. He is associated with the Society of Petroleum Engineers. Prior to joining our Company. Mr. Previously. he also held the post of Group General Manager (Main Producing Area) and General Manager (Geosciences) at our Company. T Director K Ananth Kumar (Finance) Mr. Norway. He is responsible for the entire financial management as well as the strategic . He has 29 years of experience in the oil and petroleum industry.Mr. USA and the Society of Petroleum Geophysics. He is a member of the top level strategy team in our Company and is responsible for Oil India's foray into international exploration activities. He has over 36 years of experience in the oil and gas exploration and production industry. He also holds a Post Graduate Diploma in Petroleum Prospecting and Reservoir Evaluation from the Norwegian Institute of Technology. Chairman Nayan & Mani Managing Borah Director Mr. He joined our Board on May 6. Borah holds a Bachelor’s degree in Petroleum Engineering from the Indian School of Mines.
Mr. He heads all exploration. Raju holds a Master’s degree in Science (Horticulture).He joined the Indian Administrative Service in 1984 and has worked in various capacities with the Karnataka State government including having served as the . Mr. Dhanbad. Mr. 2007. Talukdar held the post of Group General Manager (Geosciences) in the fields in the North-East India. reservoir management and drilling activities of the Company. development. Director B N (Exploration & Talukdar Development) Mr. USA and also closely associated with the American Association of Petroleum Geologists and Society of Petroleum Geophysicists Mr. he worked in the Reservoir Engineering Division of ONGC. He has over 33 years of experience in the petroleum industry. Prior to joining the Board on December 1. 2007. Prior to joining our Company in 1977. Bangalore and a Post Graduate Degree in Master of Business Laws from the National Law School of India University.management of the Company. D N Narasimha Raju Government Nominee Director Mr. Bangalore. Talukdar holds a Bachelor’s degree in Petroleum Engineering from the Indian School of Mines. He is also Director in charge for all the overseas concessions. He joined our Board on January 18. Talukdar is an active member of the Society of Petroleum Engineers.
He was formerly Chairman of the Bar Council of Gujarat and the Ahmedabad District Cooperative Bank. He is currently the Director of National Federation of State Cooperative Limited. He has 36 years experience as an advocate in the Gujarat High Court. and the Director and Chairman of Gujarat region in Cosmos Cooperative Bank Limited. 2008. He has also served in GoI on deputation basis as Deputy Secretary/Director in DoEA. where she has served in various Economic Ministries of the GoI. He has 26 years of professional experience. (Smt. She is currently serving as Economic Advisor in the MoPNG. He was working as Joint Secretary (Marketing) in MOPNG from October 2006 to January 2009 and has also been working as Joint Secretary (Exploration) since August 2008. Mathur has professional experience of 27 years in government service. She joined the Indian Economic Service in 1982. Mr.) Government Archana Saharya Nominee Mathur Director Dr. Mathur holds a Masters degree in Economics from Delhi University and a Doctorate in International Trade from Jawaharlal Nehru University. 2009. She joined our Board on February 9. Bidar District and Bangalore Rural District. Ghanshyambhai Independent Hiralal Amin Director Mr. Ministry of Finance and as Private Secretary to Commerce Minister. He joined our Board on August 1. Dr. National Film and Fine Arts Cooperative Limited.Deputy Commissioner in Bangalore City Corporation. Delhi. Amin is also the President of the . Dr. Mr. Amin holds a Bachelor’s degree in Science and Law from Gujarat University. He has been nominated as a special invitee on the board of ONGC Videsh Limited.
He joined our Board on July 30. Independent Sushil Khanna Director Mr. He is also a member of the Board for Restructuring Public Sector Enterprises constituted by the GoI. He joined our Board on July 30. 2008. He is currently the Chairman of Kerala Finance Corporation. 2008. Mr. a Post Graduate Diploma in Systems Management from the Bajaj Institute of Management. and is also a Mechanical Engineer. Mr. Mr. Calcutta. Arun Independent Kumar Gupta Director Mr. Alexander Independent K Luke Director . Gupta has about 41 years of professional experience. He has 38 years of professional experience. 2008. Khanna holds a Bachelor’s degree in Science and a Post Graduate Diploma in Management from the Indian Institute of Management. He is a member or fellow of a number of engineering and management institutes and associations. He joined the Indian Railways Service of Mechanical Engineers and retired as the Chief Administrative Officer (Railways) in Diesel Loco Modernisation Works. University of Bombay. He is a faculty member of Economics and Strategic Management at Indian Institute of Management. Calcutta. Mr.National Cooperative Union of India. He has served as a director on the boards of several public sector undertakings and is currently working as an advisor with RITES Limited. He joined our Board on July 30. Gupta holds a Bachelor’s degree in Science from the University of Allahabad.
Mr. He also served as Secretary. Gujarat Industrial Investment Corporation and Sardar Sarovar Narmada Nigam Limited. He joined the Indian Defence Accounts Services in 1969. Mr. He . During his years in the government service. He has been a practicing Chartered Accountant since 1984 and has a professional experience of 26 years. He also holds a Master’s degree in Philosophy from the Indian Institute of Public Administration. Misra holds a Bachelor’s degree and a Post Graduate degree in Physics from the University of Delhi. Mr. He was also the Chairman and Managing Director of the Kerala Minerals and Metals Limited and Travancore Titanium Products Limited. He joined our Board on July 30. he has served as Managing Director in various companies including Gujarat State Fertilizer and Chemicals Limited. Defence (Finance) in the Ministry of Defence until his superannuation in 2007. Misra has 41 years of professional experience. 2008. Mumbai. He joined our Board on July 30. Mr. Luke holds a Bachelor’s degree in Civil Engineering from Indian Institute of Technology. Pawan Independent Kumar Sharma Director Mr. Sharma holds a Bachelor’s degree in Commerce and Law from Guwahati University. he has served on deputation in various capacities and ministries with the GoI. Gujarat Narmada Valley Fertilizer Limited. Gujarat Alkalies and Chemicals Limited. Luke has 35 years of professional experience. During his years in government service. He joined the Indian Administrative Service in 1975 and took voluntary retirement in 2006. Vinod Independent Kumar Misra Director Mr. Mr. 2008.
GoI. with an initial production of 200 gallons per day. the region had the common blessing of commercial oil. Digboi Well No2 was started in February 1891 in the same area. Digboi Well No-1(1889-1890) The well. started in September 1889. United by geography with Burma and caught up in the cross-currents of history. led by the same Chairman. S R Krishnan The story of oil exploration in India began in the dense jungles and swamps of Assam in the 19th century. the 17th Central Council of the Cost and Works Accountants of India and the Institute of Chartered Accountants of India. an employee of the company and an oil enthusiast. Company Secretary: Mr. Assam Financial Corporation. The decision to drill was taken by the Directors of the AR&T Co. A new firm . He has served as director on the board of several companies including Vijaya Bank. Uphill and Downhill (1890 – 1920) After the successful completion of the first well. Assam Conductors and Tubes Limited. only to be abandoned as dry at 720 ft. He joined our Board on July 30.was promoted in 1899 to take over the petroleum interests of AR&T.is a member of the ad-hoc Task Force constituted by the Ministry of Heavy Industries. including the Digboi and .the Assam Oil Company (AOC). Lord Ribblesdale . 2008. in 1888 under the direction of Mr. He has been a life member of the Indian Council of Arbitrators since 2002. W L Lake. The drilling activities of AR&T progressed satisfactorily with 11 wells yielding oil in 1894. was completed in November 1890 as a producer at a total depth of 662 ft.
Oil India Private Limited (OIL) . On the basis of this assurance. the AOC announced in September 1956 that proved and probable reserves in the Nahorkatiya area were sufficient to plan a production target of nearly 2. a public sector refinery was initiated in 1959 at Guwahati with help from Romania. The success of Nahorkatiya Well No-1 set in motion a series of activities. Despite this meagre evidence. However. It was commissioned in 1962. fortified later in the year by new discoveries at Hugrijan and Moran. with a total production of 50 barrels of oil per day. Well 47 being the first well to be drilled by this method. Aftermath of Success (1953 – 1959) The Nahorkatiya oilfield was discovered in 1953. The AOC inherited 14 producing wells. Production almost trebled from 43 bpd in 1901 to 120 bpd in 1902. In 1912 the rotary system was introduced. and evidence suggested subsurface faults which could have acted either as barriers or conduits to oil movement.to take over the management of the AOC-discovered fields of .Makum concessions. and reaching a maximum of 435 bpd in 1917. By 1920. Almost immediately on inception. rising steadily to 247 bpd in 1911.5 million tons of oil per year with 45 million cubic feet of gas per day. the AOC had completed 80 wells with a total average production of 350 bpd. by 1956 only 16 wells had been drilled. The Burma Oil Company signed a Promotion Agreement with the Government of India (GoI) in January 1958 to form a company . the company expanded the concessional area of the field by purchasing the rights of the Assam Oil Syndicate.
Growth. became the first Chairman of OIL.M. OIL Receives PSU award Oil India Limited received the “Heavyweight Miniratna” PSU award at the 2nd. ceremony at New Delhi on 6th April. Mr W P G Maclachlan.3 million barrels of oil per year. The Agreement assured Burmah Oil a dividend of 10% and Digboi Refinery 1. The award was given taking into account the Company’s Net Sales. with two-thirds of the shares held by BOC and the rest by GOI. . dynamism. Shri Borah gave the credit for the recognition to all the employees of the Company. 2010. The award was presented to Shri N. adaptability and technological awareness have marked the activities of OIL from 1959 till today. a key player in the negotiation. Chairman & Managing Director.Nahorkatiya and Moran. OIL was incorporated on 18 February 1959. by Hon’ble Union Minister of Steel. Net Profit and Balance Sheet size. Shri Virbhadra Singh at a glittering ceremony in presence of CEOs of other PSUs and dignitaries.Borah. Oil India Limited. Dalal Street Investment Journal PSU Award 2010. Operating profit.
M. Borah. Chairman and Managing Director. . 2009. The award was given away by the Hon’ble Chief Minister of Delhi Shrimati Sheila Dikshit at a glittering ceremony at New Delhi on 24th March.OIL bags "PSU with the highest Book Value" award Oil India Limited was conferred with the “PSU with the highest Book Value” award by Dalal Street. the renowned Financial and Investment Journal. while accepting the award thanked the organizers for instituting the award and gave the credit for the recognition to the employees of Oil India Limited. Shri N.
Shri T. Secretary. Director (Finance). Economic Advisory Council to Prime Minister. Pandey on 19th January. While most publications continue to organize award ceremonies recognizing performances of the private sector companies. Dalal Street felt that the same level of recognition and appreciation needs to be accorded to the PSUs. energy etc. receiving the “PCRA – Overall Performance in the Upstream Sector” award from Secretay. technical. New Delhi . Satyanarayan Dash. technology. infrastructure. MOP&NG.Dalal Street has come out with a special publication and awards recognizing the performance of the Public Sector Undertakings under different performance parameters. Ministry of Heavy Industries & Public Enterprises and several CEOs of PSUs and company officials. Chairman. Suresh Tendulkar.K. 2009 at Vigyan Bhawan.S. Ananth Kumar. agriculture. The awards were instituted under major heads recognizing various aspects of financial. Shri R. The ceremony was attended by Prof. Dr. The Awards selection was done by an independent panel of highly reputed individuals. and human performance in the many fields of power.
2003-04. 1998-99 and 1999-2000 Longest Accident Free Period . 2002 Golden Peacock Award for Corporate Social Responsibility.OIL has been a consistent and superior performer in various core business areas over the years. 2005 by TERI. Some of the major awards and accreditations earned by OIL are listed below: Awards & Accolades Rated No. by TERI for good corporate citizenship and sustainable initiatives among comapnies with turnover above Rs 500 crore Green Tech Award for Environment Management.1997-98. 2006 by the Department of Public Enterprises. 1998-99 "Excellent" performance rating by Government of India for 1997-98. 1 Public Sector Company. among 130 participating companies Corporate Social Responsibility Award. 2005-06 by the Indian Institution of Industrial Engineering (IIIE) Counted among the 5 Best Public Sector Undertakings and the 3 Best in the Energy Category by the India TodayCRISIL Survey in 2005 Best Project Award for Corporate Social Responsibility. Its feats have been recognised in India as well as internationally by worldrenowned institutions and agencies. Government of India based on performance "Excellent" performance rating by Government of India for past 4 years Performance Excellence Award. 2001-2002 by National Petroleum Management Programme . 2002 Special Commendation Award for Human Resource Management.for OIL’s continuously evolving technology and business environment and the Company’s initiatives to enhance safety in operations and quality of work life via good practices Excellent Performing Public Sector Enterprise Award. 1998-99 .
among 100 largest corporate enterprises in India Accreditations ISO-9000:2000 Certification (Quality Management System) : LPG Plant ISO-9001:2000 Certification : Gas Based Power Plant ISO-9000:2000 (Quality Management System) : Trunk Pipeline ISO:9001:2000 : OIL Hospital at Duliajan ISO-14001 (Environment Management) : Trunk Pipeline OHSAS 18001 (Occupational Health and Safety Assessment Series) : Trunk Pipeline ISO/IEC 17025 : 2005 accreditation by NABL.Paidper Share Income tax tax .Excellent Performing Public Sector Enterprise Award. 1997-98 International Green Land Society National Award. 1997-98 for best energy conservation and implementation Corporate Performance Award 1985 from Harvard Business School Association of India and Economic Times Ranked 1 fir Profitability in terms of paid-up capital. 1998-99 Best Oil & Gas Processing Unit Award. the first among E&P company laboratories to get this accreditation FINANCIAL REPORTS Details Share Share Intrinsic Dividend Earnings Net Sales / Profit P Capital -Capital Value Per Worth Operational before aft Authorised . 1998-99 Excellence in Riverbed Survey Award. Government of India for OIL’s R&D Department. net assets and sales from 1981-82 to 1983-84 by the Indian Institute of Public Opinion.
Rs. Rs. 22 25 43 44 50 79 77 84 101 114 Rs.Unit 20002001 20012002 20022003 20032004 20042005 20052006 20062007 20072008 20082009 20092010 up Share Rs. Million Rs. R Million Million M 30770 20242 34417 18960 34569 28968 40287 31450 47107 38880 58483 55502 68491 53892 79330 60819 93310 72414 13745479055 6014 8032 46 52 13406 91 14817 94 16231 10 26744 16 24826 16 27134 17 33870 21 38951 26 . Million Rs. Million 2500 2500 2500 2500 2500 2500 2500 5000 5000 5000 2140 2140 2140 2140 2140 2140 2140 2140 2140 2405 144* 161 162 188 220 273 320 371 436 572 % 80 75 130 140 160 265 260 275 305 340 (EPS) Rs.
l) Bagged 4 nos. about 305 % higher than 2007-08 (Earlier highest: 1145 SQKM in 2007-08). e) Enhancement of daily production potential to 0. j) The GIS application centre is now fully operational for planning and execution of seismic survey operations. 2161. About 12 % more than the 2007-08 sale.43 MMSCMD in the North East. g) Made 4 commercial hydrocarbon discoveries in Assam. h) Highest ever 3D seismic survey: 3495 SQKM. c) Highest ever crude oil sale. 1block as operator and 3 blocks with PIs. . k) Completed and commissioned 660 km long Numaligarh – Silliguri Product Pipeline. Mechaki-2 discovery is the deepest on-land commercial hydrocarbon discovery in India (5556 m) so far and the well is already contributing to production of oil & gas. About 12 % more than the 2007-08 production.PERFORMANCE NUGGETS a) Highest ever profi t of Rs. i) Completed acquisition and processing of fi rst ever 4D seismic survey in OIL over Dikom fi eld. d) Highest ever daily gas production rate of 6.93 MMSCMD in Rajasthan (highest ever production potential). n) Four of our AC-SCR drilling rigs S-2. m) Acquisition (farming in) of overseas blocks in East Timor Leste (offshore block) and Egypt (two offshore blocks). S-3. blocks in NELP-VII round of bidding. f) Achieved highest ever horizontal displacement of 846m with S-bend trajectory (NHK #575). S-4 and S-7 were accredited with ISO 9001-2000 certifi cation.68 crores during 2008-09 b) Highest ever crude oil production.
q) Trained 732 numbers contract workers in the fi eld of S.04% of the total power generation. These have replaced fi ve old workover rigs. r) As part of our continuous effort to comply with the requirements and guidelines of IE Rules. engines etc. v) 2 nos of new ACPCRs for ACSCR Drilling rigs were commissioned. of 600 HP new Workover rigs were procured and commissioned during the year. s) Carried out mechanical repair/overhauling jobs of over 40 heavy and critical fi eld equipment (drawworks.o) Creation of a Technology Park in the vicinity of OIL’s discovery well NHK#1. were rendered to other E&P operators and generated revenues of over Rs. The Park was inaugurated and declared as OIL Heritage Site by Honourable Chief Minister of Assam. u) The total station power consumption in the captive Duliajan Power Station was 1.) with in-house infrastructure.96%. the earthing systems were revamped in 5 substations and 7 industrial installations. Similarly electrical repair jobs were carried out for a variety of about 750 electrical machines with in-house expertise. against industrial standard of 1-1.E for the fi rst time in OIL.5%. p) Five nos. . t) Power availability from the captive Power Station at Duliajan was 99. well completion service etc. w) Services in the form of equipment on rental.H. 22 Crores. OISD and DGMS. rig pumps. R&D & chemical laboratory services.
ISO 14001:2004 and ISO 18001:2007) during the year.x) Won the prestigious Greentech Environmental Excellence Gold Award – 2007 for its efforts in green movement and environmental protection in its oil fi elds. ac) Introduced Revised Employees’ Suggestions Scheme. ag) OIL’s Women Table Tennis Team was the winner in PSPB. y) Received national level award for best performance amongst upstream sector oil companies for the activities/ programs carried out by Oil India Limited during OGCF 2008. aa) Six Independent Directors inducted into OIL Board as part of Good Corporate Governance. ab) Introduced “e-sampatti” for online submission of property returns.00 lacs. af) Shri Subhajit Saha. ad) OIL’s Football Team is fi rst ever team from NorthEast to have qualifi ed for Federation Cup Football Tournament. ae) Won prestigious PSPB and AIPSSB Golf Tournaments. 1. Oil India Hospital is the fi rst public sector hospital in the north-east to be ISO accredited. z) OIL’s 190-bed hospital (Oil India Hospital) at its fi eld headquarter obtained Integrated Management System Certifi cation (ISO9001:2000.0 PERFORMANCE FINANCIAL HIGHLIGHTS . 3. Table Tennis Player was awarded Arjuna Award and the Company awarded him with a cash prize of Rs.
56. 3023. 101.33 in the previous year. 83.2009 was Rs. The Shareholders’ Fund as on 31.03.28 Crore in 2008-09.04 against 1:113. The total subsidy share was Rs.16% increase.01 in 2008-09 compared to Rs. compared to Rs.45 Crore giving a Debt Equity Rates of 1:173.02 Crore against long term loan amount of Rs. which works out to 31.The Company earned higher profi t after tax despite sharing a higher subsidy burden on crude oil and LPG and paying higher amount of statutory levies compared to previous year. 9331.09 Crore in 2007-08.59 in 2007-08. 2305. APPROPRIATION Directors recommend the following appropriations: . Earning per Share (EPS) had increased to Rs.
04 Crore to the General Reserve. 1398. but the actual gas production and sale was less than the previous year due to markets inability to uplift committed quantities of gas. based on the provisional fi nancial trend of the Company. the production potential was enhanced.DIVIDEND The Company paid an interim dividend @ 150% (previous year 125%). b) The recent discovery of commercial hydrocarbon in . The increase of about 12% in oil production vis-à-vis the previous year (2007-08) is the most signifi cant physical achievement of the year. subject to the approval of the shareholders at the ensuing Annual General Meeting. The Board of Directors are now pleased to recommend a fi nal dividend @ 155 % on the paid up capital making the total dividend of 305% (Previous year 275 %) for the fi nancial year.47 MMT) during the year was the highest ever by the Company so far. It is also proposed to transfer the balance of Rs. In terms of natural gas. PHYSICAL PERFORMANCE a) The crude oil production (3.
43 MTPA in 2007-08].51 MTPA [3. About 12% more than the 2007-08 sale. Highest ever crude oil sale. drilled to a depth 5600 m+ has opened up a new vista for exploration in the Upper Assam basin. The well was drilled and completed with complete in-house efforts and is currently producing both crude oil c) The Company was able to set new records of performance in respect of the following amidst adverse environmental condition in some of its major operational areas during the year.Mechaki west structure at a depth of 5550 m. in upper Assam basin is the deepest onshore commercial discovery of the nation. Highest ever daily gas production rate of 6. Highest ever crude oil production about 12% more than the 2007-08 production. .145 SQKM in 2007-08) Highest ever terminal rate of crude oil production 3. Highest ever CTU operation of 163 (previous highest 129 in 2007-08).43 MMSCM in the North East. Highest ever 3D seismic acquisition of 3495 SQKM (1. The discovery well Mechaki 2.
46% in 2007-08). indicating a comfortable position of the Company in respect of forward drilling locations. 2009. 2008.42 % by weighted average with signifi cant improvement compared to previous year (0. A few activities of strategic importance pursued during the year are as under: There have been four new commercial hydrocarbon discoveries during the year. Percentage of suspended water in delivered crude to Refi neries could be restricted to 0.52 MMSCF in LPG plant since its inception. d) The Company is making continuous effort in various fronts for exploration activities and business expansion. As compared to 100 drilling locations available in April. 144 locations have been approved for drilling as on April. .Highest ever daily average gas processing of 79. Drilling of horizontal wells helped in augmenting production buildup in Makum area. Highest ever average daily production of condensate in last 12 years (73. all in Upper Assam.07 Tonnes/day).
2009 is as under: Proved Developed Reserves 3. 2.03. Introduction of solar power system for Jorajan Magazine House for area lighting. A Technology Management Team (TMT) was formed in January 2006 which continuously scouts for technologies suitable for oil fi eld operations resulting in production enhancement and cost reduction. The Company was rated. 3D acquisition of 700 SQKM in Libya was completed during the year. The following are some of the technologies absorbed/ upgraded during the year. “Very Good” in MOU for the year 2007-08 and expected to be rated ‘Excellent”. Another 279 GLKM of 2D survey is being completed in 2009-10. Two wells are planned to be drilled during 2009-10. UP-GRADATION AND INNOVATION The Company is continuously striving for enhancing technological capabilities for exploration success.721 GLKM of 2D Seismic survey was completed in Gabon. operational improvement and effi cient performance. .0 STATUS OF RESERVES The status of oil and gas reserves of the Company as at 31.0 TECHNOLOGY INDUCTION. enhanced production. in 2008-09. Introduction of solar water heating system in residential bungalows.
Trial steam injection was carried out for . New gas supply agreement has been entered with M/s RRVUNL with enhanced price of gas for supply @ 0. Company decided to carry out implementation of pilot project in Baghewala fi eld.PROJECTS IN NOMINATED AREAS (IN-COUNTRY) 5. the collaborator. Drilling of the fi rst pilot test well was completed during 2005.1 Rajasthan Jaisalmer PML area Gas fi elds of Tanot. On completion of its Integrated Reservoir Study under phase-I. indicated 53 MMT (Indicated Category) oil-in-place in upper carbonate and 78MMT(25 MMTproved category) oil-in-place in lower Bilara + Jodhpur sand stone. which included drilling of two pilot wells. Based on this study. Baghewala PML area Heavy Oil fi eld of Baghewala is located in this PML area. The gas produced in this area is being supplied to M/s RRVUNL through GAIL (India) Limited for generation of electricity. Dandewala & Bagi Tibba are within this PML. M/s PDVSA Intevep (Venezuela). Baghewala fi eld was being studied jointly in two phases by OIL and M/s Petroleos de Venezuela SA (PDVSA) of Venezuela under a technological tie up for last few years. cyclic steam injection and production of heavy oil and bitumen for about one year under technical guidance of PDVSA Intevep. To meet with the enhanced gas demand.90 MMSCMD against the current withdrawal level of approximately 0. three development gas wells were drilled during 2008-09 in Dandewalla area.654 MMSCMD for three (3) year period.
2 Ganga Valley Project (GVP) OIL carried out an in-depth analysis of all available geoscientifi c data through in-house efforts. around 350 GLKM seismic data was simultaneously processed by M/s FSIL. Namsai and Deomali. . NINGRU (Manabum) OIL acquired around 554 GLKM of seismic data in the logistically diffi cult areas of Manabum in Arunachal Pradesh since 2003. Based on interpretation. 5. Steam injection was temporarily suspended since continuous injection could not be sustained mainly due to surface and sub-surface problem. pursue exploration activities in Ganga Valley areas through future bidding rounds. civil survey for road & plinth preparation has been completed and your Company has applied for dereservation of forest land involved.a few days during July’ 2006 and also during December’ 2007. One exploratory drilling location (NMA) has been released. In future. The GVP area was relinquished. Exploratory drilling is expected during 2010-11. three drillable prospects were identifi ed. Meanwhile.3 North East Frontier Project (NEF) The E&P activities under NEF project spread over in two PMLs are Ningru and Ningru Extension and four nomination PEL areas Jairampur. depending on merits of the block(s) with consortium partners. OIL might however. Germany and the same was interpreted by M/s FRL. UK. Namchik. 5. Actions for civil construction work would start once forest clearance is obtained. by engaging consultants from in-country and abroad. UK and M/s TEEC. During 2004-05. All these studies suggested that the area is of high risk and low return.
Namsai For location-NSA (Namsai area). Civil preparations are completed. Simultaneously. Your Company is planning to spud the well by 2nd quarter of 2009-10. the data had been outsourced to M/s Paradigm. the original surface position of the Location JRB was on a hill top at a height of around 600 m from the foot of the hill.JAIRAMPUR (THRUST BELT) Jairampur OIL acquired around 75 GLKM seismic data during 2004-05. Pre-drilling EIA study has been completed. Namchik (Kharsang-Sonking) 2D seismic acquisition commenced after the monsoon break. the location was subsequently re-oriented to a new position having less elevation and a J-bend drilling is planned from the revised position to probe the hydrocarbon prospectivity of Jairampur area. after carrying out processing and . one location . Mumbai for processing and interpretation to identify drillable prospects. Meanwhile. Civil survey for road and plinth has been completed and your Company has applied for forest clearance.12. Considering the logistic diffi culties.( Location-JRB) in the Jairampur area was released for exploratory drilling during the year. Public Hearing was held and fi nally environment clearance was obtained on 02. Action for civil construction would start once forest clearance is obtained. Based on the integrated interpretation seismic and other geological data. In-house processing and interpretation of the data has been completed. However.2008.
Acquisition During 2008-09 During 2008-09.700 GLKM of 2D seismic survey in parts of river Brahmaputra in Upper Assam as a part of its hydrocarbons exploration activities.25%. Egypt.50% (Operator) & HPCL – 25%] OIL in consortium with GSPC and HPCL was successful in winning 2 blocks. GSPC . the Company was successful in acquisition of exploration acreage in Egypt as follows: Egypt: Blocks 3 & 4 [OIL . Presently a Multidisciplinary Advisory Group (MDAG) consisting of experts on the subject is studying the various aspects of the issue. Deforestation proposal was submitted to CCF. OIL decided to keep the BRB survey plan in abeyance till clearance is received from MOEF to go ahead with the survey.interpretation of old data. 3 and 4. one prospective location was identifi ed and civil survey completed. Block Nos. . particularly of threat to river dolphins present in the river. A few NGOs and Public Organizations had expressed their concerns against the survey apprehending ecological imbalance in river Brahmaputra. Deomali Your Company has planned to acquire 100 GLKM of 2D seismic data and based on the results of new seismic survey to drill one well under the minimum work programme. Itanagar. BRAHMAPUTRA RIVER BED SURVEY Your Company has a plan to carry out 1. The MDAG will also guide Oil India Limited (OIL) on this issue in future. in the last bid round offered by GANOPE.
340 by providing laboratory. Flow of large number of enquiries and tenders from national and international companies for providing E&P services shows an optimistic scenario and scope for business expansion through this project wing. as well as M&A portfolio of various small sized E & P companies across the Globe. Coal Liquefaction Project: The Company entered into a contract with M/s HCTL of USA for this project in 2007.61 Crore and US $ 23.Apart from the above. rental or expert consultative services to a number of parties. So far Process Optimisation . The department is continuously scouting for E&P business both in-country and overseas. Kazakhstan etc. a review on the subject of acquiring additional resources solely for the purpose of service business activities has been undertaken. In order to expand its strategic areas of E&P Service Business activities and to establish as a leading E & P Service provider. BUSINESS DEVELOPMENT Business Development and Third Party Project During the year. the Company is scouting for various E & P opportunities in Algeria. the Company generated revenue to the tune of Rs 0. new initiatives have been undertaken to explore the possibility of Joint Venture / Strategic Alliance arrangement with internationally reputed Company(ies) and the preliminary progress in this regard has been satisfactory. In consideration of the enormous potential in E & P Service Business sector both in India as well as abroad.
1070. 2009. process guarantee run. Your Company has also leased out telecom bandwidth of 2 Mb capacity and is in the process of leasing out an additional 2 Mb bandwidth. 9. POLICY INITIATIVES FOR FUTURE Exploring In-Country traditional basins In view of the mandatory relinquishment policy of government in respect of pre-NELP nominated PELs. preliminary coal gasifi cation assessment and product upgrading tests have been completed. intensive reservoir revitalization initiatives etc. The Company has received number of enquires and expression of interest from different telecom service providers for availing bandwidth under the NLD agreement.31 lacs. NRL-Silliguri Product Transportation Pipeline The pipeline was successfully put into commercial operation with effect from June. The expected revenue from the leasing of bandwidth would be around Rs.7 lakhs per annum. the Company is prioritizing activities in such areas for conversion of PELs into PMLs wherever discovery and commercial producibility have been established. Systematic implementation of recommendations of various geo-scientifi c consultative studies of the recent past for exploration of stratigraphic traps. . redevelopment & revitalization of matured declining fi elds. Telecom Project Till date 3108 pair route kilo meter of dark fi bre of pipeline department has been commercialized by leasing the same to different telecom operators in the State of Assam and West Bengal. This has earned revenue of Rs.test.
A number of such potential opportunities are currently being examined. Acquiring Exploration Blocks through NELP OIL has so far acquired 24 NELP blocks with operatorship in twelve (12) blocks with Participating Interest ranging from 10% to 90% with other consortium partners. Crude oil production: OIL has been maintaining an increasing trend in indigenous crude oil production during the year 200809. rugged hilly terrain in river confl uence and various diffi cult hilly areas in the NE. Acquisition of Equity abroad OIL’s E&P initiatives overseas at present extend to seven countries including Libya.Efforts will be to cover seismically logistically diffi cult areas including Brahmaputra River Bed. The Company will look for prospective opportunities in future too. which are listed below: . Gabon. The Company has initiated a number of measures in its main producing fi elds in Assam and Arunachal Pradesh to increase production. a study is nearing completion with the help of an internationally reputed consultancy fi rm. Exploration along with acquisition of producing property overseas is considered a major thrust area. Efforts will be enhanced to reduce the number of sick wells by bringing them back to production. Iran. Nigeria. In order to fi rm up a policy and to prepare a check list for screening potential overseas E & P opportunities. Yemen. Various exploration activities are underway in respect of all these blocks. Timor Leste and Egypt.
have signifi cantly helped in protecting the environment. reduction in hazardous waste generation. optimization through artifi cial lift methods by use of Electric Submersible Pumps (ESP). Facilities such as effl uent treatment plant. waste disposal facilities. Pilot study for carrying out Seismic Reservoir characterization of Eocene Reservoirs. Stratigraphic trap prospects. workover and enhancement in water injection are being implemented. Audit and certifi cation of oil and gas reserves etc. ENVIRONMENT AND POLLUTION CONTROL All statutory requirements were complied with and Environmental Clearances from MOEF obtained wherever applicable. Revitalization of old fi elds. Post Drill Analysis of exploratory wells. phyto-remediation of oil contaminated soil and disposal of MSW in a scientifi c way have brought encouraging results in controlling pollution and maintaining better environment in OIL’s operational areas. New initiatives like bioremediation of oily sludge in collaboration with TERI. . Various IOR/EOR measures like enhancing water injection. Thrust belt prospects. introduction of eco-friendly chemicals. for bringing into production shut in wells have been implemented/intensifi ed. phasing out of ozone depleting substances. adoption of noise reduction methods in the installations etc.A number of geo-scientifi c studies like Integrated Basin modeling studies. Non-Associated Gas Field development. bio-diesel project. were carried out in the recent past with the help of internationally reputed consultants and their recommendations like infi ll drilling. Jorajan re-development. MEOR technique by using micro-organisms. recycle and reuse of drilling effl uent. Jet-pumps etc.
Apart from this 1029 nos.Your Company with the help of Assam Agricultural University. All necessary measures for environmental protection and pollution control with radio active sources and explosives were taken and no untoward incident took place. 13. A biomedical waste water treatment plant and an advanced digital incinerator installed in OIL hospital at Duliajan will pave the way for proper disposal of biomedical wastes and will go a long way in controlling environmental pollution. 1067 nos. Jorhat has completed a couple of projects related to the effects of oil fi eld activities on the environment and its preventive measures. colleges and NGOs. Construction of fi re brick wall around fl are pits to arrest heat radiation. Small capacity diesel engine driven generating sets are procured with acoustic enclosure for arresting sound pollution. of samplings have been planted in along the roads and in parks in Duliajan and Moran. Your Company is focusing and emphasizing on behavioural safety besides implementing traditional safety methods with an aim .0 SAFETY Your Company strongly believes that safety. health and environment management performances are integral parts of its business and accordingly considers the same as part of its corporate objectives. Creation of green belt at newly constructed OCSs. 26 Kms of effl uent line was laid at various drilling locations to keep the areas free from pollution. of samplings were distributed to various school.
to improve the overall safety performance. In compliance of the recommendations of the 10th Conference on Safety in Mines, the Company is focusing on contract work vis-à-vis HSE requirement. During the year, as a part of the HSE management system, safety audits as well as review audits of its installations were carried out to check the level of safety and recommend for further improvement. In order to continue the HSE awareness amongst its workforce, on-site HSE awareness training of workers have been intensifi ed. In addition to personal safety, process safety is also given high priority right from the design stage itself. The entire PPE schedule of the Company has been reviewed including the requirement for contract workers. 14.0 OCCUPATIONAL HEALTH: Occupational Health monitoring for work persons is done in a regular and systematic manner. Your Company is committed not only to meet the various statutory public regulatory requirements but is also going much beyond. Your Company has a 190-bed fully equipped modern hospital at Duliajan and also primary dispensaries at its operational areas in South Bank, Moran, Kumchai and at various pump stations. Apart from these, your Company provides regular Mobile Dispensary services to the adjoining villages in and around its main operational areas in the district of Tinsukia, Dibrugarh and Sivsagar in Assam besides similar services in Manabum and Kumchai areas in Arunachal Pradesh. Occupational Health monitoring for work persons is done
in a regular and systematic manner. Your Company is committed not only to meet the various statutory and regulatory requirements but is also going much beyond and conducting health checkup to every employee in a block of 5 years. 15.0 CORPORATE SOCIAL RESPONSIBILITY Your Company’s social welfare and community development initiatives focus on the key areas of education, healthcare and the overall development of basic infrastructure for the benefi ts of the neighbouring localities in its operational areas. Social Welfare Programme and Area Development Scheme: The scheme ‘Social Welfare Programme’ was instituted to cater to the growing need, demands and requirements of OIL’s operational areas. Today the programme is protecting the environment by uplifting Education, Health and socio-economic development. Some of the main activities taken up under this program during the last year are development of education, development of roads and bridges, development of sports, OIRDS, Rural development etc. A total amount of Rs 13.90 Crore has been spent during the year 2008-09 against the total sanctioned budget of Rs 16.25 Crore on this account. The Area Development scheme was formulated to cater to the specifi c and developmental needs of the communities. With expansion of Company’s operational areas, more villages have been covered under covers the construction of roads, setting up of educational institutions and primary health centres in North Bank of Brahmaputra, South Bank of Brahmaputra and other spheres coming under the operational
areas of the Company. A total amount of Rs 3.61 Crore has been spent during the year 2008-09 on this account. Special Golden Jubilee year initiatives have been initiated to support around 250 Self Help Groups in its neighbouring areas.