Role Of Regulatory Authorities In Oil And Gas

CONTENTS 1.Introduction 2. Evolution Of Regulatory Authorities 3. Ministry of Petroleum and lifelike triggerman 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. exercise and Function of Regulator in Upstream Directorate common 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 excogitation Legal Issue Latest Legal Issue 8. finis 9. Bibliography INTRODUCTION The seam of the Indian crude oil & natural gas 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 for the most part confined to the North-Eastern region, particularly Assam and the daily bumpy oil occupatio n averaged just 5,000 barrels per day. In the downriver sector, the first refinery was fructify up at Digboi in 1901. In view of the substance of the oil & gas sector for overall economic growth, the political science of India, under the Industrial Policy gag rule of 1954, announced that petroleum would be the core sector industry.

In criminal prosecution of the Industrial Policy Resolution, 1954, petroleum exploration & payoff operation was controlled by the government-owned National Oil Companies (NOCs), namely Oil & intrinsic Gas Corporation (ONGC) and Oil India Private Ltd (OIL). With the denudation o f the Cambay offshore basin (in 1958) and t! he Bombay offshore basin (in 1974), the domestic oil production 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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