In its biggest discovery after a gap of three years, state-run Oil and Natural Gas Corporation (ONGC) has made reserve accretion of 10 million metric tonnes (MMT) of oil in Assam.
Ved Prakash Mahawar, director (onshore), ONGC, said, “First time in three years we have made reserve accretion in Assam of 10 MMT. Within two months’ time we created facilities and put these two fields into production.”
He added: “We are now putting enhanced focus on production besides continuing with our exploration activities. As soon as we make onshore discoveries of oil or gas, our target is to soon start production from them.”
According to the higher official, ONGC will achieve the target set for the production in Assam (0.96 MMT) in the year 2016-17. It is learnt 98 per cent has already been achieved.