Petroleum and Natural Gas Minister, S Jaipal Reddy today said that Oil Industry has immensely benefited from the standards and safety audits carried out by Oil Industry Safety Directorate, OISD. Mr. Reddy was addressing Oil Industry Safety Awards function in New Delhi. He mentioned that Oil and Gas industry is very complex; it operates in a high safety risk environment and therefore safety of these vital installations are of paramount importance.Mr Reddy and the Minister of State for Petroleum & Natural Gas, R P N Singh presented Oil Industry Safety Awards for the year 2009-10 and 2010-11 to the Chief Executives of Winning Oil and Gas organizations. These awards are given to recognize the efforts of Oil & Gas Industry in enhancing safety performance of the oil installations, thereby improving productivity, profitability and sustainability.