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Incorporation of our CompanyOur Company was incorporated as a private limited company on February 18 1959 under the name "Oil India Private Limited" pursuant to a promoters? agreement dated January 14 1958 between the President of India Burmah Oil Company Limited and Assam Oil Company Limited. At the time of our incorporation Burmah Oil Company Limited and the President of India held two-thirds and one third of our Equity Share capital respectively. Our Company was incorporated with the main object of exploration and production of crude oil (including natural gas). Our Company became a deemed public limited company with effect from March 28 1961 and the word "private" was deleted from the name of our Company on May 4 1961.Pursuant to an agreement dated July 27 1961 between Burmah Oil Company Limited and Assam Oil Company Limited and our Company Burmah Oil Company Limited transferred certain of its Equity Shares to the President of India and both became equal partners holding a 50:50 interest in the Equity Share capital of our Company. Thereafter pursuant to the Burmah Oil Company (Acquisition ofShares of Oil India Limited and of the Undertakings in India of Assam Oil Company Limited and the Burmah Oil Company (India Trading) Limited) Act 1981 the Equity Shares in our Company held by Burmah Oil Company Limited were transferred to the President of India pursuant to which our Company became a wholly owned Government company. We received a fresh certificate of incorporation on conversion to a public limited company from the RoC on August 30 1995.Major eventsThe following table illustrates the major events in the history of our Company since our incorporation in 1959.Year Event1959 Oil India Private Limited incorporated with Burmah Oil Company Limited holding two-thirds of the Equity Share capital and the President of India holding one-third of the Equity Share capital1961 Oil India Private Limited transformed into an equal partnership joint venture company between Burmah Oil Company Limited and the President of India1961 Gas-based power plant commissioned at Duliajan Assam1962 Completed construction of a 401 km (16 inch diameter) pipeline from Duliajan to Guwahati 1963 Completed construction of a 756 km (14 inch diameter) pipeline from Guwahati to Barauni 1972 Discovery of commercially producible crude oil in Jorajan fields and Kharsang fields1981 Our Company became a wholly owned enterprise of the GoI1982 LPG plant based on turbo expander technology commissioned at Duliajan Assam1988 Discovery of commercially exploitable gas reserves in Tanot Rajasthan1989 Discovery of commercially exploitable gas reserves in Dandewala Rajasthan1990 Discovery of commercially producible crude oil in ecocene formation in Dikom1991 Dicovery of commercially producible crude oil in ecocene formation in Kathaloni1992 Entered into an agreement with Hydrocarbon Research Incorporated for initiating coal oil coprocessing studies1995 Entered into PSCs with various companies to revive the declining Kharsang producing field 2002 Entered into a consortium with OVL and IOCL to execute a service contract with the National Iranian Oil Company for the Farsi Block Iran2004 Upgrading of our Company to a ?schedule A? company2004 Entered into a memorandum of understanding with IOCL for pursuing overseas exploration and production opportunities2004 Acquired participating interest in a pipeline outside India by entering into an agreement with OVL for construction of a 741 km long pipeline in Sudan2005 Entered into a memorandum of understanding with IOTL for jointly taking up pipeline and related projects in India and overseas2005 Entered into a memorandum of understanding with ITERA Oil and Gas Company Russia to jointly pursue exploration and production opportunities in India and overseas including in Libya2005 Awarded Block 86 (Sirte basin) and Block 102/4 in Libya along with IOCL2006 Executed a farm in agreement with IOCL and Marvis Private Limited Singapore acquiring a participating interest in Block Shakthi Gabon to our Company and IOCL2006 Awarded eight blocks in NELP-VI out of which our Company is operator in six blocks2006 Entered into a joint venture agreement with GAIL NRL and the Government of Assam to establish a gas-based cracker project at Lepetkata Assam2007 Entered into a memorandum of understanding with British Gas for pursuing exploration and production opportunities2007 Entered into a memorandum of understanding with HPCL GAIL Total France SA and Mittal Energy Investment Private Limited for promoting a refinery-cum-petrochemical complex in Vizag2007 Entered into a memorandum of understanding with HPCL to jointly pursue oil and gas opportunities in the downstream and upstream segment in India as well as overseasAwards and RecognitionsWe have received the following awards and recognitions for achieving and maintaining highstandards in various aspects of our business.Year Certification/ Award1997 Grant of Mini Ratna-I status2002 Golden Peacock award for corporate social responsibility awarded by the Federation of Indian Chambers of Commerce and Industry2003 Award for excellent safety performance awarded by the Oil Industry Safety Directorate2005 Annual award for environment excellence awarded by Greentech2005 Corporate social responsibility award awarded by the Tata Energy Research Institute2005 Award for best performance in energy conservation awarded by Petroleum Conservation Research Association2006 Best public sector unit award in a survey of public enterprises conducted by the Department of Public Enterprises GoI2007 Enterprise excellence award awarded by the Indian Institute of Industrial Engineering2007 SAP-ACE-2007 award for customer excellence in the best oil and gas sector implementation category Additionally in recognition of our performance and our consistent achievement of targets negotiated under the memorandum of understanding entered into with the MoPNG on an annual basis we have received the award for excellence in performance for the years 2003-2004 2004-2005 and 2005-2006. We were also ranked as the best public sector undertaking by the DPE in its annual survey for fiscal 2006.Quality Management System Standard CertificationsWe have received the following certifications:Year Certification/ Award2003 Our Company certified to conform to Quality Management System ("QMS") Standard: International Standardisation Organisation ("ISO") 9001:2000 from Det Norske Veritas ("DNV") for "production storage and filling of LPG in cylinders and tankers for distribution to marketing agency". The certificate is valid until October 31 20092004 Our pipeline department at Noomati Guwahati certified to conform to QMS Standard: ISO 9001:2000 Operational Health and Safety Standard ("OHSAS") 18001:1999 and ISO 14001:1996 from DNV for "operations and maintenance of cross country pipelines". The certificates are valid until April 30 20102005 Our LPG recovery and bottling plant was certified to conform to QMS Standard: OHSAS 18001:1999 and ISO 14001:2004 from DNV for "recovery storage bottling and despatch of LPG in bottles and road tankers". The certificates are valid until May 13 20082005 Our hospital at Duliajan Assam was certified by Bureau Veritas Certification (formerly "BVQI") Standard; ISO 9001:2000. The certificate is valid until October 5 20082005 Our gas turbine power station at Duliajan Assam was certified by BVQI Standard; OHSAS 18001:1999. The certificate is valid until March 8 20082005 Our chemical laboratory at Duliajan Assam was certified by BVQI Standard: ISO 9001:2000. The certificate is valid until November 19 20082005 Our Tengakhat Oil Collecting Station at Duliajan Assam was certified to conform to QMS Standard: OHSAS 18001:1999 from DNV for "receipt processing storage and despatch of crude oil". The certificate is valid until May 13 20082007 Our Research and Development Department is accredited by the National Accreditation Board for Testing and Calibration Laboratories India in accordance with the standard "ISO/IEC 17025:2005" for "general requirements for the competence of testing and calibration laboratories" in the field of chemical testing. The certificate is valid until April 4 20092007 Our Fire Service at Moran was certified to conform to the Quality Management System Standard: ISO 9001:2000 ISO 14001:2004 and ISO 18001:1999 from DNV for "operation and maintenance of fire service". The certificates are valid until February 6 2010 2007 Our fire service at Duliajan was certified to conform to QMS Standard: ISO 9001:2000 ISO 14001:2004 and OHSAS 18001:1999 from DNV for "operation and maintenance of fire service". The certificates are valid until February 6 20102008 Our hospital at Duliajan Assam was certified by BVQI Standard OHSAS 18001:2007. The certificate is valid until August 25 2011 Our hospital at Duliajan Assam was certified by Bureau Veritas Certification (formerly "BVQI") Standard ISO 9001:2000 ISO 14001:2004. The certificate is valid until August 25 2011