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ONGC unveils HF technology in Tripura: Report

15 Jun 2015 Evaluate

ONGC’s Tripura unit has reportedly introduced highly technical Hydro-fracturing (HF) job procedure to intensify exploration of natural gas for supply in different projects of the state. The company is expected to receive 20,000 or 25000 lakh cubic meter gas from a well where HF technology was introduced.

The company has drilled 190 wells in the state so far, out of which gas was found in 94 wells- which is an encouraging trend. The company made discovery of commercial gas in Khubal area in February 2009 and completed drilling of seven exploratory out of which 2 wells are gas bearing. To arrest the declining production of the ageing Baramura field and to improve productivity from tight reservoir sands of this area, it was decided to undertake hydro-fracturing.

ONGC is an Indian multinational oil and gas company headquartered in Dehradun, India. It is India’s largest oil and gas exploration and production company. It produces around 69% of India's crude oil (equivalent to around 30% of the country's total demand) and around 62% of its natural gas.

Peers
Company Name CMP
ONGC 221.65
Oil India 452.60
Jindal Drilling&Inds 598.50
Deep Industries 797.15
Asian Energy Service 480.45
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