ONGC makes oil discoveries in Assam

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.

Research Desk

Next Post

From 121 projects, Coal India aims 400 mn tonne output this year

Sat Mar 11 , 2017
Coal India has said it is aiming around 400 million tonnes of output this fiscal from its 121 projects that are currently under operations. “There are 121 major ongoing coal projects under implementation and the expected contribution is of about 400 million tonnes in FY 2016-17,” the state-run firm said. […]

Categories

Blog Stats