India’s Hydrocarbon Outlook 2024 29 A Report on Exploration & Production Activities • GoI formulated CBM Policy • GoI approved NELP • NELP-I launched offering 48 blocks 1997-1999 1987-1993 • Ravva Oil Field discovered in KG Offshore • DGH Established • ONGC is re-organised as a corporation • 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 • Bombay High discovered • Discoveries of Bassein Gas Field, Mumbai Offshore, Kharsang oil field, Arunachal Pradesh • Discovery of Heera oil field, Mumbai Offshore 1953 • Discovery of Naharkatia Oil Field, Assam 1956 • Oil and Natural Gas Commission established • Discovery of oil in Moran, Assam • ONGC became statutory body • Discovery of Ankleshwar oil field, Gujarat • Oil India Pvt Ltd incorporated as 50% JV between GoI and BOC 1948 • Industrial Policy Resolution passed • Oil fields Regulation and Development) Act, 1948 came into existence 1959-1961 1974-1977 1981-1986
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