WRITE SHORT NOTE ON ONGC.PLZ DONT SCAM.SORRY ITS HISTORY.
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Until 1955, private oil companies mainly carried out exploration of hydrocarbon resources of India. Assam Oil Company was producing oil at Digboi, Assam (discovered in 1889) and the Oil India Ltd. (a 50% joint venture between Government of India and Burmah Oil Company) was engaged in developing two fields Naharkatiya and Moran in Assam. In West Bengal, the Indo-Stanvac Petroleum project (a joint venture between Government of India and Standard Vacuum Oil Company of USA) was engaged in exploration work. The vast sedimentary tract in other parts of India and adjoining offshore remained largely unexploded
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Oil and Natural Gas Corporation (ONGC) is an Indian public sector multinational crude oil and gas company. Its registered office is in New Delhi. It is owned by the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. It is the largest oil and gas exploration and production company in the country, and produces around 70% of India's crude oil (equivalent to around 57% of the country's total demand) and around 84% of its natural gas.[5] In November 2010, the Government of India conferred the Maharatna status to ONGC.[6]