Oil India (OIL), through its exploratory efforts has made one Hydrocarbon Discovery in the Baghjan Petroleum Mining Lease (PML) in the Upper Assam Basin in the month of May 2017 in the well South Baghjan-2. The well South Baghjan-2 encountered multiple sands in Narpuh and Lakadong+Therria formations.
Presently, the well is put on regular production. Further appraisal of the discovery is planned which is likely to enhance the oil & gas production through appraisal & development activities. OIL had also made ten discoveries in its operational areas of Assam during 2016-17. The discoveries have opened up avenue for further exploration of already identified leads / prospects in the area.
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company, while IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
