In recent years, due to public concern over perceived and actual environmental impacts, the petroleum industry has been moving towards a more sustainable framework. Environmental management (EM) has grown rapidly in the last few years as a sudden set of managerial practices as well as a new sub-discipline in the field of corporate responsibility of every management. The wide range environmental issues of the oil and gas exploration and production industry are witnessed at both local and global levels. They include protection of habitat and biodiversity, air emissions, waste water management and incidents and oil spills. The objective of the study is to identify all environmental aspects of the exploration and production activities further it also focuses on the management system to improve upon and minimize the environmental impacts. From this study it is found out that, the percentage emission from consumption of petroleum has declined considerably from 2005 to 2012 (26. 31 % in 2005 to 23.77% in 2012). Apart from this, environmental expenditures have increased from Rs. 2.35 Billion in 2006-07 to Rs.4.95 billion in 2011-12. This study analyses the robustness of different environment management strategies adopted by oil industries in India, to bring about energy economic development and sustainability of resources.
