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Oil India Limited bags the 'Best Company in CSR & Sustainability Award' at the India Today PSUs Awards, 2015

Oil India Limited was awarded the 'Best Company in CSR & Sustainability' Award, in the Navratna segment, in the glittering India Today PSUs Awards, 2015 ceremony at New Delhi on 14th December, 2015.

Sri P.K. Sharma, Director (Operations), Oil India Limited, received the award on behalf of the Company from Sri Ravi Shankar Prasad, Union Minister for Communications and Information Technology, Govt. of India, in the esteemed presence of Sri Piyush Goyal, Minister of State (Independent Charge) for Power, Coal and New & Renewable Energy, Govt. of India, Sri Aroon Purie, Editor-in-Chief of India Today and the Chairman of the India Today Group and Sri Raj Chengappa, Group Editorial Director (Publishing), India Today.


Sri P.K. Sharma, Director (Operations), Oil India Limited, receiving the award for the Best PSU in CSR & Sustainability, in the Navratna segment, in the India Today PSUs Awards, 2015 Ceremony, held at New Delhi on 14th December, 2015



The India Today Group PSUs survey, in association with Marketing and Development Research Associates (MDRA), a premier research organisation, attempted to recognise the contribution of the PSUs towards nation-building. The survey evaluated the PSUs across four segments - Maharatna, Navaratna, Miniratna and other PSUs - under eight different categories.

OIL INDIA LIMITED ranked 222nd in the Platts Top 250 Global Energy Company Rankings for 2015

Oil India Limited (OIL) has been named, for the second consecutive year, in the (13th) annual Platts Top 250 Global Energy Company Rankings for 2015, at a glittering award ceremony held at the Fullerton Hotel, Singapore, on the evening of 27th October, 2015.

OIL has been conferred a ranking of #222 on overall global performance, for distinguishing itself through its outstanding financial and industry performance over the past year. Also, OIL has been ranked 68th in the Asia Companies in the 2015 Platts Top 250 Global Energy Company Rankings.


Mrs Rupshikha Borah, Director(Finance), Oil India Limited, receiving the award at the 13th annual Platts Top 250 Global Energy Company Rankings for 2015 award ceremony, held at the Fullerton Hotel in Singapore, on the evening of 27th October, 2015


About the Awarding Agency: Founded in 1909, Platts is a leading global provider of energy, petrochemicals, metals and agriculture information and a premier source of benchmark prices for the physical and futures markets. Platts' news, pricing, analytics, commentary and conferences help customers make better-informed trading and business decisions and help the markets operate with greater transparency and efficiency. Since 2002, Platts has ranked energy companies’ financial performance globally, regionally and by industry sector. Platts’ rankings are based on four key metrics- asset worth, revenues, profits, and return on invested capital. All companies on the list are publicly held and have assets greater than US $5billion. Information comes from a database compiled and maintained by S&P Capital IQ, a business unit of McGraw Hill Financial.

Oil India Limited wins the 2nd Pt. Madan Mohan Malaviya Silver Award for Best CSR Practices in Education, 2015

Oil India Limited (OIL) was conferred the 2nd Pt. Madan Mohan Malaviya Silver Award for Best CSR Practices in Education, 2015, in the prize distribution ceremony held at the India Habitat Centre, New Delhi on 10th September, 2015.

The 2nd Pt. Madan Mohan Malaviya Awards for Best CSR Practices in Education along with Indian Achiever’s Awards were presented by Mrs. Sheila Dixit, Ex- Chief Minister of Delhi, Mr. P.P. Mohd. Faisal, Hon’ble Member of Parliament and H. E. Mr. Felix Ngoma, Ambasador of The Republic of Congo in India.

Oil India Limited was awarded in recognition of its innovative CSR initiative: The Mobile Computer Lab (Bus), under its Project “OIL Dikhya”, in which school children from remote villages of OIL operational areas in Upper Assam are provided free of cost computer education through a state-of-art Computer Bus (with two computer teachers on-board), which travels to their school and functions as a Mobile Computer Lab for facilitating computer learning of the students.


Sri Dilip Kumar Das (Head- Public Relations, OIL) along with the OIL team receiving the 2nd Pt. Madan Mohan Malaviya Silver Award for Best CSR Practices in Education, 2015 from Mrs. Sheila Dixit, Ex- Chief Minister of Delhi and H. E. Mr. Felix Ngoma, Ambassador, The Republic of Congo in India

Oil India Limited wins the Oil Industry Safety Award- for the year 2013-14

Oil India Limited (OIL) was conferred the Oil Industry Safety Award for “Best Near Miss Incidents Reporting, Production Operation- Onshore/Offshore” for the year 2013-14, in the glittering awards ceremony held at the SCOPE Convention Centre, New Delhi, on 4th August, 2015.

Sri Dharmendra Pradhan, Hon’ble Minister of State (I/C) for Petroleum & Natural Gas, presented the award to Sri U.P. Singh, IAS, Additional Secretary, MoPNG and CMD, OIL and Sri P.K. Sharma, Director (Operations), OIL; in the presence of Sri K.D. Tripathi, Secretary, MoPNG, among other dignitaries.

The prestigious award instituted by the Oil Industry Safety Directorate, was conferred to Oil India Limited for the excellent performance of its Duliajan - Production Operation, in the “Best Near Miss Incidents Reporting, Production Operation- Onshore/Offshore” category.

Sri U.P. Singh, IAS, Additional Secretary, MoPNG and CMD, OIL, receiving the Oil Industry Safety Award for “Best Near Miss Incidents Reporting, Production Operation- Onshore/Offshore” for the year 2013-14, from Sri Sri Dharmendra Pradhan, Hon’ble Minister of State (I/C) for Petroleum & Natural Gas, along with Sri P.K. Sharma, Director (Operations), OIL, in the presence of Sri K.D. Tripathi, Secretary, MoPNG.

G.K. Batta of Oil India Limited wins the Petrofed Innovator of the year award

Mr. Gnana Kumaraswamy Batta, a Senior Geophysicist with Oil India Limited (OIL) won the Petrofed Innovator of the year award (Special Commendation in the Individual category) for his innovation on utilising low frequency seismic data interpretation for locating subsurface oil & gas and reducing exploration risk; in the glittering Petrofed Awards (2013-14) ceremony at the Hyatt Regency Hotel in New Delhi, on 15th July, 2015. The award to Mr. Batta was presented by Sri Dharmendra Pradhan, Hon’ble Minister of State (I/C) for Petroleum & Natural Gas, the Chief Guest of the event, in the august presence of Sri K.D. Tripathi, Secretary, MoPNG, the Guest of Honour and Sri B. Ashok, Chairman Petrofed and Chairman, IOCL, among other dignitaries present on the dais. Mr. Batta received the award for coming up with a commercially successful innovation which is recognised for its originality, usefulness, value and potential for replication.

Mr. G.K. Batta, receiving the Petrofed Innovator of the year award, 2013-14 (Individual: Special Commendation) from Sri Dharmendra Pradhan, Hon’ble Minister of State (I/C) for Petroleum & Natural Gas, in the presence of Sri B. Ashok, Chairman Petrofed and Chairman, IOCL, at the Petrofed Awards (2013-14) ceremony, at the Hyatt Regency Hotel in New Delhi on 15th July, 2015   
Citation of the Award won by Mr. G.K. Batta
  

Team Oil India led by Sri U.P. Singh, IAS, CMD-OIL and Sri B. Roy, Director (HR&BD)-OIL, with Sri Dharmendra Pradhan, Hon'ble Minister of State (IC) P&NG, Sri K.D. Tripathi, Secretary, MoPNG and other dignitaries at the award function

Oil India Limited wins the National Safety Award (Mines) for 2012

Oil India Limited (OIL) has won the National Safety Award (Mines), for the year 2012, in the category of Longest Accident Free Period for the Engineering Oil Mines.

The Hon’ble President of India, Sri Pranab Mukherjee presented the coveted award to Sri S.K. Srivastava, Chairman & Managing Director, Oil India Limited, in the presence of Sri Bandaru Dattatreya, Union Minister of State for Labour & Employment (Independent Charge), Govt. of India, at the glittering award ceremony held in Vigyan Bhawan, New Delhi, on 20th March, 2015.


Sri S.K. Srivastava, CMD, OIL, receiving the National Safety Award (Mines), 2012 from Sri Pranab Mukherjee, Hon'ble President of India

Moody’s & Fitch reaffirm Oil India Limited’s Credit Ratings

Oil India Limited (OIL) has been rated by M/s Moody’s Investor Service as Baa2 (Stable) and Fitch Ratings as BBB- (Stable).

In the current year, both the Credit Rating Agencies have reaffirmed the existing Issuer rating as well as senior unsecured rating with the outlook as “stable”. Baa2 rating reflects the baseline credit assessment of Baa2, which is one notch higher than the rating given by Moody’s to the Government of India (Baa3 stable), whereas Fitch has rated OIL at the same level as India’s.

The strong Government linkages, wherein the Government of India holds 67.64% of equity, the strong and consistent financial and operational performance, changes in existing regulatory framework (including the subsidy and pricing mechanism) and company’s future plans have been the key rating drivers with both credit rating agencies.

OIL has historically maintained a conservative financial profile. OIL plans to fund its expansion activities with a mix of operating cash flows and debt. This rating would help OIL to have access to international markets for raising of debt in future.

Oil India Limited takes another leap towards Sustainability: Commissions 54 MW Commercial Wind Energy Project in Gujarat & Madhya Pradesh

Oil India Limited (OIL) has completed another vital milestone in its quest to becoming a Sustainability driven Energy Company, committed to exploring clean energy solutions for the nation. In doing so, OIL has successfully commissioned its third commercial Wind Energy Project, viz. a 54 MW Project in the states of Gujarat and Madhya Pradesh.

Out of the total capacity of 54 MW, the project is split between a 16 MW capacity operational site at Patan in Gujarat and a 38 MW capacity operational site at Chandgarh in Madhya Pradesh. The Patan, Gujarat wing of the project was commissioned on 26th March, 2015, while the Chandgarh, M.P. site was commissioned on 31st March, 2015. The Project, fully funded by OIL, is being run by M/s Gamesa Wind Turbines Pvt. Ltd., Chennai, who are the Project developers. The Project Management consultants are M/s Power & Energy Consultants, New Delhi. The total cost of the project is Rs. 126.5 Crore for the Gujarat side and Rs. 312.45 Crore for the M.P. location.

With this, OIL’s present installed capacity under the Renewable Energy domain (Commercial Wind Energy and Solar Energy projects) stands at an impressive 126.60 MW. .

  
  
OIL’s Project sites of the 54 MW Wind Energy Project


Oil India Limited takes step towards sustainable energy solutions: 20 MW Gas Based Power Plant inaugurated at Duliajan

Oil India Limited (OIL) achieved another milestone towards its goal of becoming a sustainability driven integrated energy company. OIL has successfully completed the installation and commissioning of its 20 MW Gas Based Power Plant at its Fields Headquarters in Duliajan, Assam.

The Gas Based Power Plant was inaugurated on 15th April 2015 at OIL’s Industrial area in Duliajan by Shri Dharmendra Pradhan, Hon’ble Minister of State (IC) for Petroleum & Natural Gas in presence of Shri Sarbananda Sonowal, Hon’ble Minister of State (IC) for Youth Affairs and Sports, Shri Rameshwar Teli, Hon’ble Member of Parliament, Shri Kamakhya Prasad Tasa, Hon’ble Member of Parliament, Smti Amiya Gogoi, Hon’ble MLA, Shri Dilip Moran, Hon’ble MLA, Shri Prasanta Phukan, Hon’ble MLA, Shri. S.K. Srivastava (Chairman & Managing Director, Oil India Limited), functional Directors of OIL and other senior officials of Oil India Limited.

Speaking on the occasion, Shri Dharmendra Pradhan, Hon’ble Minister of State (IC) for Petroleum & Natural Gas complimented and congratulated Oil India Limited for the achievement.


Shri Dharmendra Pradhan, Hon’ble Minister of State (IC) for Petroleum & Natural Gas, GoI, inaugurating the 20 MW Gas based Power Plant, in presence of Shri Sarbananda Sonowal, Hon’ble Minister of State (IC) for Youth Affairs and Sports, GoI, at Duliajan on 15th April, 2015  


Shri Dharmendra Pradhan, Hon’ble Minister of State (IC) for Petroleum & Natural Gas, GoI, addressing the media in presence of Shri Sarbananda Sonowal, Hon’ble Minister of State (IC) for Youth Affairs and Sports, GoI, and Sri S.K. Srivastava, Chairman & Managing Director, Oil India Limited on the occasion
at Duliajan on 15th April, 2015


The 20 MW BHEL make gas turbine generator with state of the art technology was commissioned in July 2014 at OIL’s Industrial area in Duliajan. This captive power plant will be a part of OIL’s Duliajan Power Station and will phase out the old 2 nos. of Westinghouse make 14.45 MW each gas turbine generators commissioned in 1977. The power from the new 20 MW gas turbine generator shall be utilized for requirement of OIL’s industrial loads such as those in Gas Compressor Stations, Oil Collecting Stations, Water Injection Stations, LPG Plant, Crude Oil Pump Stations, Water Supply, etc.

Oil India Limited takes another step in its quest towards harnessing renewable sources of energy: 5 MW Solar Power Plant inaugurated at Raghwa Village, Ramgarh in Rajasthan

Oil India Limited (OIL) has achieved another milestone towards its goal of becoming a Sustainability driven integrated energy company. OIL has successfully completed the installation and commissioning of its 5 MW Solar Power Plant at Village Raghwa, Ramgarh, Rajasthan.  The Solar Power Plant was officially inaugurated on 21.12.2014 by Shri. S.K. Srivastava (Chairman & Managing Director, Oil India Limited), in the presence of Shri N.K. Bharali (Director-HR&BD, Oil India Limited), Shri S. Rath (Director-Operations, Oil India Limited) and Shri S. Mahapatra (Director- Exploration, Oil India Limited), along with other senior officials of OIL.



  


Shri. S.K. Srivastava (Chairman & Managing Director, Oil India Limited), inaugurating the 5 MW Solar Power Plant at Village Raghwa, Ramgarh, Rajasthan on 21.12.2014, in presence of Shri N.K. Bharali (Director-HR&BD, Oil India Limited), Shri S. Rath (Director-Operations, Oil India Limited) and Shri S. Mahapatra (Director- Exploration, Oil India Limited), along with other senior officials of OIL


Speaking on the occasion, S.K. Srivastava (Chairman & Managing Director, Oil India Limited) expressed pride and happiness on the occasion of inauguration of the 5 MW Solar Power Plant, calling it a major achievement for OIL. He also applauded the great team effort of the personnel involved, as a result of which this state of art plant was completed within 118 days. Shri N.K. Bharali (Director- HR&BD, Oil India Limited) mentioned about the tremendous potential of Rajasthan in Solar and wind energy as well as OIL’s future plans for tapping the renewable energy for betterment of the society and addressing the energy concerns of our country. Shri Bharali, also talked about OIL’s upcoming project of 9 MW Solar Power Plant at the same site at Ramgarh, which will be completed by next year. Shri S. Rath (Director- Operations, Oil India Limited) spoke about OIL’s commitment towards generation of more power through renewable energy sources. Mentioning the energy security concerns of our country, Shri S. Mahapatra (Director- Exploration, Oil India Limited) explained the importance of the renewable energy sources and the way forward for harnessing the same.
The 5 MW Solar Power Plant at Raghwa, Ramgarh with the Polycrystalline Technology was setup at a total cost of Rs. 41.49 crores with an O&M contract for 25 years for an amount of Rs. 20.63 Crores.
The plant consisting of 20408 solar modules each having a capacity of 245 watts, has been contributing towards the growing energy needs of our country since its commissioning. An over head transmission line of 11.49 Kms has been constructed to feed in the generated power to the DISCOM Grid.

Oil India Limited led consortium signs Production Sharing Contract with MOGE, Myanmar for two Offshore Blocks in Myanmar

Oil India Limited, along with consortium partners signed Production Sharing Contract (PSC) with Myanma Oil & Gas Enterprise (MOGE) for two (2) offshore blocks M4 and YEB on 4th Dec, 2014 in a signing Ceremony held at Nay Pyi Taw, Myanmar.

OIL led consortium won these blocks under Myanmar offshore bidding round 2013 which was launched on April 11, 2013. In this Bidding Round, total 30 blocks were on offer (Shallow Water : 11, Deep Water : 19) and OIL's consortium bided for three offshore blocks M-4, M-8 and YEB.
OIL is the operator with 60% PI in both the blocks. Other consortium partners are Mercator Petroleum Limited (25% PI), Oilmax Energy Pvt. Limited (10% PI), and Oil Star Management Services Co. Ltd. (Local Company of Myanmar, 5% PI). Block M-4 with an area of 4008 Sq. Miles (Water Depth: Less than 600 ft) is located in Moattama Basin, while other block YEB with an area 8223 Sq. Miles (Water Depth : Less than 600 ft) is located in Thanintharyi Basin.

Signing Ceremony was attended by several Ministers and Officials of Myanmar Government including Union Ministers of Energy, Transport, Technology and Finance; Managing Director, MOGE; DG, Energy Planning Department (EPD) and several heads of EPD and MOGE. From OIL side, Mr. P. K. Sharma, Group General Manager (BD) signed the PSCs of both the blocks M-4 and YEB. From Indian Embassy in Myanmar, Mr. Sailas Thangal, Deputy Chief of Mission attended the Signing Ceremony. .




Mr. P. K. Sharma, Group General Manager (BD), Oil India Limited with Mr. U MYO MYINT OO, Managing Director, MOGE, Myanmar at the Production Sharing Contract (PSC) signing ceremony at Nay Pyi Taw, Myanmar


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