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Oil India Reviews

Duliajan, Assam

5.0/ 5

3 reviews

Oil India Limited (OIL) is a premier Maharatna Central Public Sector Enterprise (CPSE) under the administrative control of the Ministry of Petroleum and Natural Gas, Government of India. As the country's second-largest national exploration and production company, OIL is a fully integrated upstream energy enterprise engaged in the exploration, development, and production of crude oil and natural gas, transportation of crude oil, and the production of Liquefied Petroleum Gas (LPG). The legacy of Oil India dates back to 1889, marking the historic commercial discovery of crude oil in Digboi, Assam. To develop the newly discovered fields in the Northeast, Oil India Private Limited was formally incorporated on February 18, 1959, initially operating as a joint venture between the Burmah Oil Company and the Government of India. By 1981, it transitioned into a wholly owned government enterprise, and it was converted into a public limited company in 1995. Today, it is publicly traded on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the ticker symbols OIL and 533106, respectively. Headquartered in Duliajan, Assam, the corporation also maintains major corporate and operational offices in Noida, Kolkata, Guwahati, and Jodhpur. OIL operates an expansive domestic acreage of more than 62,000 square kilometers, with a predominant focus on the Upper Assam Basin alongside active projects across Arunachal Pradesh, Mizoram, Tripura, Nagaland, Odisha, Andhra Pradesh, and Rajasthan. Its domestic operations span multiple onshore and offshore blocks under various licensing regimes, including the Open Acreage Licensing Policy (OALP). Beyond its domestic strongholds, OIL has established a strategic global footprint with participating interests in international exploration and production blocks across countries such as Russia, Mozambique, Venezuela, Nigeria, Gabon, Bangladesh, and Libya. A vital component of OIL’s infrastructure is its 1,157-kilometer fully automated crude oil trunk pipeline, which transports crude oil produced in the northeastern region to major public refineries, including Digboi, Guwahati, Bongaigaon, and Barauni. Expanding its vertical integration, OIL acquired a majority holding (exceeding 69%) in Numaligarh Refinery Limited (NRL), which serves as a critical material subsidiary currently executing a massive expansion project to augment capacity from 3 MMTPA to 9 MMTPA. In response to evolving global energy shifts, OIL has strategically diversified into renewable energy, commissioning a combined 188.10 MW of wind and solar energy projects alongside venturing into city gas distribution and green hydrogen initiatives. Demonstrating robust financial health and prudence, the company reported a net worth of INR 53,716 crore as of March 31, 2026. Under the leadership of Chairman and Managing Director Dr. Ranjit Rath, OIL is actively pursuing its ambitious "Mission 4 Plus" to expand annual production capabilities, continuing to serve as a pivotal driver of India’s long-term energy security.