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Oil India Limited logo — A Government of India Enterprise

Oil India Limited

A Government of India Enterprise

Founded 1959 2799 employees Energy, Oil and Gas

General Information

Company Name Oil India Limited
Founded Year 1959
Founders / Decision Makers
Team member Team member
Employees 2799
Industries Energy, Oil and Gas
Social

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About Oil India Limited

Oil India Limited is a renowned Exploration & Production company in the upstream sector of the oil and gas industry. Established in 1959, it is a Government of India Enterprise, operating under the Ministry of Petroleum and Natural Gas. The company is involved in various activities including exploration, development and production of crude oil and natural gas, transportation of crude oil, and the production of liquid petroleum gas. With a revenue of approximately ₹12,028 crore (US$1.8 billion), it holds a significant position as the second-largest national oil and gas company in India. Oil India Limited's history dates back to 1889 with the discovery of crude oil in Digboi, Assam. As a Navratna Company, it has evolved into a fully integrated upstream petroleum company. The company's products include petroleum, natural gas, and other petrochemicals. The Government of India owns 56.66% of the company. The company was established as a subsidiary of the Burmah Oil Company Limited in 1887, specifically for exploration in the Assam Basin, India. The discovery of oil on the feet of elephants near Digboi village led to the identification of oil reserves in the area, marked by a surface fold. Overall, Oil India Limited's long-standing presence in the Indian oil and gas industry, state ownership, diverse product portfolio, and significant revenue make it an intriguing prospect for investment and a notable player in the energy sector.

Taxonomy: Exploration, Production, Upstream sector, Oil and gas field development, LPG production, Pipeline transportation, Reservoir management, IOR/EOR operations, Seismic & geodetic work, Drilling operations, 2D & 3D data analysis, Shallow water basin exploration, Deep water basin exploration, Petroleum E&P, Oil & gas field development & production

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Oil India Limited Alternatives & Competitors

Oil India Limited vs
Oil and Natural Gas Corporation Ltd
Oil and Natural Gas Corporation Ltd India

Touching Lives Spreading Smiles

18967 employees
Energy, Manufacturing
Oil India Limited vs
Famfa Oil Limited
Famfa Oil Limited Nigeria

Leading Indigenous Nigerian oil, gas exploration and production company since 1993

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Oil India Limited vs
Albpetrol sh.a
Albpetrol sh.a Albania

Albanian state owned Oil and Gas Company

111 employees
Industrial, Manufacturing

FAQ About Oil India Limited

A Government of India Enterprise
Oil India Limited was founded in 1959.
Oil India Limited operates in the following industries: Energy, Oil and Gas.
Oil India Limited has approximately 2799 employees.
Top alternatives and competitors to Oil India Limited include Oil and Natural Gas Corporation Ltd, Famfa Oil Limited, Albpetrol sh.a, Maverick Energy Inc.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Oil India Limited and Oil and Natural Gas Corporation Ltd are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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