A hundred years of Oil, oil-Digboi
Technical Data
| Date of Issue | December 29, 1989 |
|---|---|
| Denomination | 60 p |
| Quantity | 1,500,000 |
| Perforation | comb 14 |
| Printer | Security Printing Press, Nashik |
| Watermark | No Watermark |
| Colors | Red Brown |
| Catalog Codes |
Michel IN 1248 Stamp Number IN 1307 Yvert et Tellier IN 1050 Stanley Gibbons IN 1399 |
| Themes | Elephants | Industry | Logos |
The Indian Petroleum industry celebrated its centenary in 1989, marking a significant milestone since the discovery of oil in commercial quantities at Digboi, Assam, in 1889. Here are some key points about the industry’s history and impact:
Discovery at Digboi:
- In September 1889, drilling began at Digboi Well No. 1, and by October, the first gush of oil was struck at a depth of 178 feet.
- By November 1890, the well was completed to a depth of 662 feet, becoming an oil producer.
- Digboi remains unique as one of the world’s oldest continuously producing oilfields, operated by Oil India Limited.
Discovery Story:
- The discovery of oil at Digboi is attributed to an elephant returning from the jungle with oil noticed on its feet. This led to the famous exclamation, “Dig, boy dig!”, hence giving Digboi its name.
Industry Growth and Impact:
- Over the century, the petroleum industry has become integral to India’s economy, influencing almost every sector due to its impact on energy availability and prices.
- Currently, India produces about 32 million tonnes of oil and 12,700 million cubic meters of natural gas annually.
- The country’s 12 refineries process approximately 50 million tonnes of crude oil each year, with additional capacity expected from upcoming refineries.
Role in National Economy:
- Petroleum products meet about 50% of India’s commercial energy needs, highlighting its critical role in the nation’s economic framework.
- The industry has seen significant advancements in exploration, production, and energy management systems over the years, reflecting a pioneering spirit akin to the early days of Digboi’s discovery.
Vision for the Future:
- As India looks ahead, the petroleum sector aims to fulfill the vision of leaders like Pandit Jawaharlal Nehru, contributing to the nation’s progress and development on the global stage.
The story of Digboi and the Indian petroleum industry underscores not only a journey of discovery and development but also the industry’s ongoing importance in shaping India’s economic and energy landscape.