India’s Hydrocarbon Outlook 2024 28 A Report on Exploration & Production Activities KEY MILESTONES OF INDIAN E&P SECTOR • Struck Oil in Jeypore 1867 1882 • Assam Railway Trading Company set up to explore oil 1890 • First Commercial 1890 Discovery at Digboi, Assam 1891 • Assam Oil syndicate set up a refinery at Margherita, Assam 1895 • Assam Oil Company to take over petroleum interest from Assam Oil Syndicate 1901 • First Oil Refinery Set up at Digboi, Assam 1922 • Burmah Oil Company bought shares from ARTC, and appointed commercial and technical managers from AOC 1930 • Crude Oil Production rose upto 2,50,000 tonnes per annum and exploration activities continued in Assam-Arakan range
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