Airvoice Oil Natural Gas Private Limited

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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 etc.

Petroleum Sector Reforms, 1990
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.

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