ACIL may be Appointed Operator for Assam Oil Field

With Delhi High Court upholding termination of Canadian firm Canoro Resources' contract for Amguri oilfield, the petroleum ministry may appoint Assam Co India Ltd (ACIL) as the operator of the oilfield in Assam. A single judge Bench of the Delhi High Court on March 7 upheld termination of Canoro's production sharing contract (PSC) for the discovered Amguri field in Assam.

ACIL which holds 40 % interest in the Amguri fields is likely to be appointed the operator. Oil regulator Directorate General of Hydrocarbons (DGH) had last year found ACIL competent to takeover operatorship of the field from Canoro, which held 60 % stake in the field.crackcrack