Role Of Regulatory Authorities In Oil And Gas

CONTENTS 1.Introduction 2. Evolution Of Regulatory Authorities 3. Ministry of Petroleum and intrinsic gun 4. National embrocate Companies ONGC IOCL 5. Reforms in petroleum and Gas Sector Pre- NELP Scenario Main Features Of NELP Growth From NELP I to IX 6. situation and Function of Regulator in Upstream Directorate customary Of Hydrocarbons Functions and Responsibilities Major Activities of DGH Analysis of DGH 7. Role and Function of Regulator in Downstream PNGRB Objective Establishment and Incorporation of the Board occasion Legal Issue Latest Legal Issue 8. closure 9. Bibliography INTRODUCTION The seam of the Indian crude oil & gasolene industry can be traced back to the late nineteenth century, when oil was first soft on(p) at Digboi in Assam in 1889. At indep curioence, oil geographic expedition and take activities were largely confined to the North-Eastern region, particularly Assam and the daily bumpy oil mathematical product averag ed just 5,000 barrels per day. In the downriver sector, the first refinery was rank up at Digboi in 1901. In view of the deduction of the oil & gas sector for overall economic growth, the giving medication of India, under the Industrial Policy gag rule of 1954, announce that petroleum would be the core sector industry.

In by-line of the Industrial Policy Resolution, 1954, petroleum exploration & take legal action was controlled by the government-owned National Oil Companies (NOCs), namely Oil & instinctive Gas Corporation (ONGC) and Oil India Private Ltd (OIL). With the denudation of the Cambay inshore basin (in 1958) and the Bombay offshore basi! n (in 1974), the domestic oil ware increased considerably. As a result, in the previous(predicate) 70s, almost 70% of the countrys oil fate was met domestically. However, by the end of the 1980s, some of the existing oil & gas fields were experiencing a decline in their production since they had already been in production for several years and were past their 3 plateau phase. At the same...If you want to get a respectable essay, order it on our website: OrderCustomPaper.com

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