Drilling Companies In India

In the last few decades, Indian economy has shown great prospects to the corporate world

. Growth has been consistent and hitting the mark of approximately 8% on a regular basis. This economic growth has significantly increases the consumption of oil as well as natural gas. Set up of heavy industries and production unit need a consistent supply of these products. Another significant achievement is seen in the automobile sector, where millions of are produced each day. This has been one of the most important factors in the increase demand of oil. Indian oil industry has seen some of the most prominent companies entering into the fray. They have set up their drilling plant in one or more locations.

Top oil drilling companies

Some leading drilling companies in India include Oil India, ONGC, Cairn India, Reliance industries, Adani Welspun , Hindustan Oil, BG exploration and Selan exploration. Indian government manages and runs Oil India and it is amongst the leading public sector oil company in India. It has a vast portfolio and manufactures all the products related to oil. It drills, refines and markets the petroleum products in the country. It is also one of the largest companies in terms of annual profits of revenue generation. Oil India also manages some small companies as its subsidiaries.

Indian Oil

It is amongst the biggest national oil companies and its business ranges from drilling to marketing of all the petroleum and petrochemical products. It is also counted as one of the leading drilling companies in the world. A common factor among all the leading drilling companies in India is that they all have their set up in the bay area.

Hindustan Oil and Reliance Industries

Incorporated in the early 1980s, Hindustan oil has been playing a major role as oil exploration and drilling companies in India. It was amongst the primary private sector organization in India. Reliance Industries is the biggest private sector company in India. It also ranks high when it comes to largest oil companies in the world. The company has the biggest drilling and exploration facility near the seaboard bay in Andhra Pradesh. It has an ultramodern facility and drills up to 5000 barrels each day.

All these drilling companies have not only strengthened the economy of the country but also given a number of job opportunities. Investment from the international oil giants has also played a pivotal role in revamping the economy. With the consistent drilling procedure and oil exploration facilities, the drilling companies in Indian will soon be ranked amongst the global players.

by: universaloilfield

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