India’s Hydrocarbon Outlook 2024 112 A Report on Exploration & Production Activities Data Driven Strategies for Indian E&P 4 Historical Perspective Oil and Gas Industry is one of the most data-rich industries and upstream data, that is, Exploration & Production (E&P) data is a significant part of it. Historical and new data have always been crucial to the success of any E&P venture. Throughout E&P lifecycle, huge amount of data is continuously generated during the planning, exploration, field development, and management phases. The industry has recognized the importance of leveraging data for making key business decisions from the early days of exploration. India has a rich history of E&P activity dating back to the 19th century. Methodical E&P activity began after the first commercially successful well was discovered in Digboi, Assam, in 1889. The discovery of the first oil well in independent India was made by Assam Oil Company Limited (AOC) in Nahorkatiya in 1953, followed by Moran in 1956, both in upper Assam. AOC was later incorporated into Oil and Gas Industry is one of the most data-rich industries and upstream data, that is, Exploration & Production (E&P) data is a significant part of it.
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