OIL widens its exploration network in Northeast
By
Sujit Chakraborty ( IANS) |
Published on
Sun, Jan 31 2021 8:51 IST |
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Oil India Ltd.. Image Source: IANS News
Guwahati/Agartala, Jan 31 : After Assam, Arunachal Pradesh and Mizoram, the state-owned Oil India Limited (OIL) has ventured out to the fourth northeastern state of Tripura, aspiring to explore natural gas by conducting a seismic survey.
OIL, India s second largest national Navratna company after ONGC, in terms of total proved plus probable oil and natural gas reserves, has kickstarted its exploration and production operations by launching its first ever seismic survey in southern Tripura bordering Bangladesh.
OIL Deputy General Manager (CC) Tridiv Hazarika said that currently the company has explored huge oil and gas reserves in Assam and Arunachal Pradesh while engaged in exploration works in Mizoram.
State-Owned Oil India Limited Widens Its Exploration Network In Northeast, Commences Seismic Surveys In Tripura
by IANS - Jan 31, 2021 05:19 AM
Oil Refinery (Pic Via Twitter)
After Assam, Arunachal Pradesh and Mizoram, the state-owned Oil India Limited (OIL) has ventured out to the fourth northeastern state of Tripura, aspiring to explore natural gas by conducting a seismic survey.
OIL, India s second largest national Navratna company after ONGC, in terms of total proved plus probable oil and natural gas reserves, has kickstarted its exploration and production operations by launching its first ever seismic survey in southern Tripura bordering Bangladesh.
OIL Deputy General Manager (CC) Tridiv Hazarika said that currently the company has explored huge oil and gas reserves in Assam and Arunachal Pradesh while engaged in exploration works in Mizoram.
By Peter Uzoho
On the heels of the proposed establishment of Petroleum Host Community Fund in the Petroleum Industry Bill (PIB) currently at the National Assembly, the Partner, Tax, Regulatory and People’s Services, KPMG, Mr. Wale Ajayi, has called for the scrapping of the Niger Delta Development Commission (NDDC).
Ajayi also canvassed for an end to the discretionary allocation of oil blocks by the President of the country as empowered by the extant petroleum law of the country, saying the PIB has made provision for a competitive bidding process for the allocation of oil blocks.
The KPMG partner made the interventions recently when he featured on Global Business Report, a programme of Arise News Channel, THISDAY’s sister broadcast station.