A commemorative postage stamp on the 25th Anniversary of Oil & Natural Gas Commission (O.N.G.C.) :
Issued by India
Issued on Aug 14, 1982
Type : Stamp, Postal Used
Watermark : No
Colour : Multicolour
Denomination : 100 Paise
Printed at : India Security Press
- Search for oil began in India as early as in 1866 in the Upper Region of Assam. It was, however, only after independence that a systematic oil exploration programme covering the entire country was taken up with earnestness.
- Oil was discovered at Makum near Margherita at a depth of 36 metres as far back as in 1867 and later on at Borbhil now known as Digboi in 1890. After a considerable lapse of time, the Burma Oil Company succeeded in finding oil in Naharkatiya and Moran areas in Assam in 1953 and 1957 respectively. Subsequently, the Government of India joined hands with Burma Oil Company in 1959 and formed an exploration company called ‘Oil India Limited’ on 50:50 partnership. Exploration was also carried out in West Bengal by the Government of India in association with the then Standard Vacuum Oil Company of USA in 1953. After drilling 10 wells in this area, which proved dry, the Standard Vacuum Oil Company gave up further efforts.
- In 1954, Government of India decided to set up a petroleum exploration division in the Geological Survey of India which evolved into the present Oil & Natural Gas Commission on August 14, 1956. After the formation of ONGC, an extensive programme for exploration was taken up in hand, covering the entire country.
- India has a sedimentary area of about 1.4 million sq-kms. In the offshore, it is 390 thousand sq-kms. upto the continental shelf of 200 metres. On the continental slope there exists another 4 lakh kms. of sedimentary area.
- Oil was first struck by ONGC at Cambay in 1958 and later on at Ankleshwar in 1960. Starting with 100 tonnes per day, annual production of crude onshore today stands at 14250 tonnes per day (5.2 million metric tonnes per annum) and gas 1.968 million cubic metres per day.