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ONGC discovers gas reserves in Tripura
By siliconindia staff writer
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Monday, 12 April 2004, 19:30 IST
AGARTALA: The Oil and Natural Gas Corporation (ONGC) Ltd has discovered gas reserves at Khedabari village in Sonamura sub-division of West Tripura district with a production capacity of over two lakh cubic metre per day, Director (Exploration) of ONGC, Y.B Sinha today said.
He said, during drilling upto 2550 metre which started on June 3 last year the well encountered commercial gas in three zones.
The discovery of gas is very important in view of the 280 MW power plant coming up in the area near Monarchak being established by North-East Electric Power Corporation (NEEPCO), he said.
Sinha said the ONGC would soon start seismic survey in Mizoram and striking oil in Nagaland.
He said more than 300 tonnes of Oil were produced every day from Nagaland but the activity of ONGC was stopped during 1994-95 due to Naga insurgency, but it would resume soon.
The Director said the ONGC had discussed the matter with the Central Government and Chief Minister of Nagaland and both have shown interest in this regard.
He said the latest business stewart survey has recognised ONGC as the biggest wealth creator (Rs 22630 crores) in the country over the period 1998-2003.
Sinha said disinvestment of 10 per cent equity share has made the ONGC more stronger which according to him is a very successful experiment.