ONGC targets ₹13,000-cr for drilling wells in Assam
Oil and Natural Gas Corporation (ONGC) in a recent statement has said that it will invest over ₹13,000 crore for exploration of over 220 oil wells across Assam in the next five years, and has signed an MoU with the Government of Assam. The move is a part of its activities in alignment with the PM call for reducing petroleum import by 10 percent by 2022, and also an initiative for the North East Hydrocarbon Vision 2030. The company has recently received the green nod to drill six development wells in five mining lease blocks in Jorhat and Golaghat districts of the state at an estimated cost of ₹240 crore and has secured permission to drill 12 such wells as it has discovered fuel in the Babejia well under the Assam Shelf Basin during 2018-19. It is currently executing 27 projects across the country at an investment of over ₹86,000 crore, including 18 developments and has already pumped in about ₹1,50,000 crore during the last five years in exploration and production, while 10 projects worth ₹13,000 crore were completed in 2018-19, said the statement.
📅Published on:
12 September 2019
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
