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Oil India makes two hydrocarbon discoveries in Assam basin: Report

29 Dec 2017 Evaluate

Oil India (OIL) has reportedly made two hydrocarbon discoveries in the Dumduma Petroleum Mining Lease (PML) in the upper Assam basin during the Q2 and Q3 of FY18.

The well South Chandmari-5 produced gas at the rate of 50,000 standard cubic metres per day (scmd). The well Hukanguri-2 produced oil at the rate of 55 cubic meters per day. This well is under extended production testing. Well Hukanguri-2 oil discovery is the first commercial oil discovery in Narpuh formation. This discovery will open up new avenues for exploration in Narpuh play in the upper Assam basin.

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.

Oil India Share Price

471.35 1.25 (0.27%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 283.35
Oil India 471.35
Jindal Drilling&Inds 542.35
Deep Industries 477.70
Asian Energy Service 315.25
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