Natural Gas Private Limited
Today the influence of oil or natural gas in our daily
lives has become so much that we cannot imagine our world
without it. But we are consuming these resources so fast
that soon they will vanish. Our vehicles run on petroleum
products, the cooking done in our homes is a product of
crude oil, the major portion of the electricity we consume
comes from Oil. Everything around us is linked to oil in
some way or the other.
At Airvoice Oil Natural Gas Pvt. Ltd., we have
aimed to develop more efficient technology to utilise the oil
and natural gas reserves of India and minimize the wastage of
such important resources. We take great care to minimize the
possibilities of any accidents happening in our projects. The
staff is provided with the best safety equipment. There is a
separate team looking after this aspect on our projects.
We also work with the regulatory authority
and the other government department to ensure the smooth flow
of work. All formalities (legal, business ethics, procedures)
are followed to the point so that there is no flaw in the work
we do. Our staff is provided with the most advanced training
which enables them to do their job in the most efficient and
safe way. We are committed to maintain the most optimised standards
of our output.
Evolution of Oil &
Gas Industry in India
At Independence, India's domestic oil production was just 250,000
tones per annum. The entire production was from one state-Assam.
Most foreign experts had written off India as far as discovery
of new petroleum reserves was concerned. The Government announced,
under Industrial Policy Resolution, 1954, that petroleum would
be the core sector industry.
Petroleum exploration & production was controlled by the
Government-owned National Oil Companies (NOCs), ONGC and OIL,
in pursuance of the Industrial Policy Resolution, 1954. In the
early 70s, they supplied nearly 70% of the domestic requirement.
However, by the end of the 80s, they had reached the stage of
diminishing returns. Oil production had begun to decline whereas
there was a steady increase in consumption and today the two
NOCs are able to meet only about 35% of the domestic requirement.
This was further compounded by the resource crunch in the beginning
of the 90s. The Government had no money (FE) to give to the
NOCs for the development of some of the then newly discovered
fields. While some of these fields could be developed by ONGC
(Gandhar, Neelam, Bombay High, Lakwa, Heera, Geleki etc.), for
others there was no money available for indigenously developing
the fields. The problem had elements such as the administered
oil price, non-availability of appropriate technology, logistics
Petroleum Sector Reforms,
The Government launched the Petroleum Sector Reforms (PSR) in
1990. Till then, three rounds of exploration bidding had been
gone through with no success in finding new oil/gas deposits
by the foreign companies who only were allowed to bid. Under
the PSR, the Fourth, Fifth, Sixth, Seventh and Eighth Rounds
of exploration bidding were announced between 1991 and 1994.
For the first time Indian companies with or without previous
experience in E&P activities were permitted to bid starting
with the Fourth Round. The Government then announced the Joint
Venture Exploration Program in 1995. The exploration blocks
were in those areas for which the Petroleum Exploration License
was with the NOCs and they were required to have a 25% to 40%
Participating Interest from day one.
Foreign Companies in
Exploration in India
Foreign companies entered the Indian E&P scene since early
fifties (Indo Stanvac Project- A Joint Venture between Government
of India and Standard Vacuum oil Company for West Bengal onland
in early fifties, Carlsbons Natomas for Bengal offshore in early
seventies, Assamerc for Cauvery offshore and Reading and bates
for Kutch offshore also in early seventies and later since the
first round in 1980; Shell for Kerala offshore and Chevronn-
Texaco in Krishna - Godavery Offshore). This was certainly not
as much as elsewhere in the world.