State-owned Oil and Natural Gas Corporation’s (ONGC) Assam Asset has recorded the highest ever quarterly gas sales in a decade and attained the oil production target at 100.1 percent (0.3031 million metric tonne) against the planned figure of 0.3028 MMT on the last day of the quarter.
The company's Assam asset also reported augmentation of about 8-10 percent in asset gas sales over prior quarters and tapped the highest daily gas sales figure of 761,457 LSCMD on November 22, 2011, achieving the highest ever quarterly gas sales figure of 65.3 mmscmd since 2001-02.
On the gas production front, the asses improved its earlier performance by achieving a production level of 123.9 mmscmd against the planned 119.3 mmscmd.
Further, the Assam Asset is eyeing an annual target of 250 mmscmd, which will be the highest in last 10 years and is pursuing the matter aggressively with the government authorities.
