ONGC to increase oil production

Special Correspondent

Guwahati: The Oil and Natural Gas Corporation (ONGC) has drawn up plans to increase crude production from Assam oilfields to 1.51 million tonnes in 2007-08. It has entered into an agreement with the United States-based Halliburton for deployment of cutting-edge, world-class technology.

Director (Onshore) A.K. Hazarika told reporters here on Friday that the ONGC planned to reach a high of 1.95 million tonnes by 2012. Production of oil and gas from Assam oilfields had declined what with aging and inefficient infrastructure.

However, in 2006-07 the corporation produced 1.21 million tonnes of crude, reversing the downtrend in the Assam Asset. The new plan included focussed exploration and development of new fields, new drilling technology and concerted revival of sick wells.Giving a power-point presentation, J.G. Chaturvedi, Executive Director-Asset Manager, Assam Asset, said Assam had a reserve of about 72.86 million tonnes of crude and Disangmukh–III, with the highest onshore production of 1,500 barrels a day, might be a good field.

Responding to queries on the status of the Rs.4,608-crore ARP announced by the ONGC earlier, Mr. Hazarika and Mr. Chuturvedi admitted that there was some delay.

Other components of the ARP including comprehensive replacement, revamping, expansion of equipment and facilities at an estimated cost of Rs.2,500 crore and revamping of drilling rigs (Rs.524 crore) were also on the cards.

Recommended for you