India's Hydrocarbon Outlook – 2022-2023

31 DGH: 3 DECADES OF UNLOCKING INDIA'S HYDROCARBON POTENTIAL 1930 • Crude Oil Production rose upto 2,50,000 tonnes per annum and exploration activities continued in Assam- Arakan range • Industrial Policy Resolution passed • Oil fields Regulation and Development) Act, 1948 came into existence 1948 1953 • Discovery of Naharkatia Oil Field, Assam • Oil and Natural Gas Commission established • Discovery of oil in Moran, Assam 1956 1959-1961 • ONGC became statutory body • Discovery of Ankleshwar oil field, Gujarat • Oil India Pvt Ltd incorporated as 50% JV between GoI and BOC • Bombay High discovered • Discoveries of Bassein Gas Field, Mumbai Offshore, Kharsang oil field, Arunachal Pradesh • Discovery of Heera oil field, Mumbai Offshore 1974-1977 1981-1986 • Oil India Ltd became wholly owned GoI Enterprise • Discovery of Gandhar Oil field, Gujarat • GoI decision for participation of private companies in development of discovered oil and gas fields • Neelam Oil Field, Mumbai Offshore discovered