ONGC to invest Rs 13,000 crore in Assam

State-run Oil and Natural Gas Corporation (ONGC) has revealed its decision to invest more than Rs 13,000 crore to explore oil and gas by drilling over 220 wells across Assam in the next five years.

In a statement, the company saidthat it has signed an MoU with the Assam government for enhancing its exploration and production activities in the state.

This investment is being made for drilling more than 220 oil and gas wells across the state, it added.

ONGC further said: “ONGC is giving impetus to its activities in alignment with the Prime Minister’s call for reducing import by 10 per cent by 2022 and Northeast Hydrocarbon Vision 2030.”

Image Credit : static-news.moneycontrol.com

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