News Release Details
AHECL & OIL join hands for exploration in Upper Assam
Kolkata 11-Sep-2007
State-Owned Assam Hydrocarbon and Energy Company limited (AHECL) and Oil India Limited (OIL has signed an agreement for starting exploration in two blocks of Amguri and Dibrugarh, both in Upper Assam This is the first venture of the newly-formed company AHECL. Nearly Rs 200 crore will be invested in drilling these blocks. These block; were awarded during the NELF VI round. AHECI will have 10% participating interest in both the blocks, while OIL will be operator in both the blocks. OIL CMD, Mulkh Raj Pasrija, told ET: "While OH will control 75 % stake in Amguri block, it will control 80%. Stake in Dibrugarh block. The exploration in Amguri block will start from June 2008, while the exploration activities in Dibrugarh block will start soon after getting the environmental clearance. Some part of this block falls under the forest area." Mr Pasrija said about Rs 200 crore will be invested in exploration activities of both these blocks; Assam government will contribute Rs 20 crore. We have also contributed Rs 40 lakh for the chief minister relief. Fund,” he said.The MoU was inked between Oil CMD and Assam chief secretary PC Sarma in presence of chief minister Tarun Gogoi and industry minister Pradyut Bordoloi., In September last year, AHECL and OIL inked an MoU for joint venture project in Assam and bided for NELP VI round. Now both the partners are gearing up for NELP-VII round.Mr Bordoloi said it is for the first rime that the state is poised to stake a claim in the natural resources. "OIL has been a pioneer in E&-P activities in Assam. Now both OIL and AHECL can complement each other and benefit from the skills and energy of each other," he said.Tarun Gogoi declared that Assam government is going full steam in promoting the E&P activities in the state. ONGC is going full steam here. "They have inducted new exploration techniques, making big investments. Even we have asked the Center to go in a big way in exploration of hydrocarbons here," he said.
Kolkata 11-Sep-2007
State-Owned Assam Hydrocarbon and Energy Company limited (AHECL) and Oil India Limited (OIL has signed an agreement for starting exploration in two blocks of Amguri and Dibrugarh, both in Upper Assam This is the first venture of the newly-formed company AHECL. Nearly Rs 200 crore will be invested in drilling these blocks. These block; were awarded during the NELF VI round. AHECI will have 10% participating interest in both the blocks, while OIL will be operator in both the blocks. OIL CMD, Mulkh Raj Pasrija, told ET: "While OH will control 75 % stake in Amguri block, it will control 80%. Stake in Dibrugarh block. The exploration in Amguri block will start from June 2008, while the exploration activities in Dibrugarh block will start soon after getting the environmental clearance. Some part of this block falls under the forest area." Mr Pasrija said about Rs 200 crore will be invested in exploration activities of both these blocks; Assam government will contribute Rs 20 crore. We have also contributed Rs 40 lakh for the chief minister relief. Fund,” he said.The MoU was inked between Oil CMD and Assam chief secretary PC Sarma in presence of chief minister Tarun Gogoi and industry minister Pradyut Bordoloi., In September last year, AHECL and OIL inked an MoU for joint venture project in Assam and bided for NELP VI round. Now both the partners are gearing up for NELP-VII round.Mr Bordoloi said it is for the first rime that the state is poised to stake a claim in the natural resources. "OIL has been a pioneer in E&-P activities in Assam. Now both OIL and AHECL can complement each other and benefit from the skills and energy of each other," he said.Tarun Gogoi declared that Assam government is going full steam in promoting the E&P activities in the state. ONGC is going full steam here. "They have inducted new exploration techniques, making big investments. Even we have asked the Center to go in a big way in exploration of hydrocarbons here," he said.