Oil & Natural Gas Corporation Ltd.

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ONGC gets clearance for Rs 456 crore exploratory drilling project in Assam

Date: 03-10-2017

State-owned Oil and Natural Gas Corporation (ONGC) has received environmental clearance for the Rs 456 crore exploratory drilling project in Sivasagar district of Assam.

The company’s proposal is to drill 10 wells in the petroleum lease areas -- Rudrasagar, Geleki, Lakwa, Namti, Mekypore, Santak Nazira -- of Sivasagar district. About 1.5-2.25 hectares of land are required for each well and the estimated project cost is Rs 456.20 crore.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.