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Tripura is world's best gas yielding zone
Friday, 07 September 2007, 19:30 IST
Agartala: Tripura had perhaps the world's highest success rate when it came to yielding natural gas, state-owned Oil and Natural Gas Corporation (ONGC) said Friday.
"We are striking gas in one out of every two wells drilled in Tripura, while the average ratio worldwide is one out of every three wells," said A.K. Hazarika, ONGC's director (onshore).
Since 1972, the ONGC has drilled 127 wells in Tripura; of these 63 are yielding gas. The oil and gas exploration company has so far invested 
30 billion in Tripura.
The Performance Monitoring and Benchmarking Group (PMBG) has awarded 'outstanding grade' for ONGC's assets in Tripura for the year 2006-07.
"Out of 10 ONGC assets across the country, Tripura topped the list scoring 110.24 percent due to high performance of gas production, gas flaring, lifting cost, besides number of wells drilled against agreed and approved targets," Hazarika said.
The ONGC has recently found two new gas yielding zones in western Tripura.
"A huge deposit of hydrocarbon has been found in both the new locations and this discovery would help in meeting additional gas requirements for the commissioning of the 750 mw capacity mega power project in south Tripura's Palatana," Hazarika said.
The ONGC is also set to resume exploration work in Nagaland after a gap of 13 years. Nagaland has an estimated 600 million tonnes of proven crude oil reserves.
"After drilling 28 wells in the Changpang area of Nagaland, there were some disputes over payment of royalties that led to abandonment of the exploration work in May 1994," the director said.
ONGC and the Nagaland government have recently signed an agreement for fresh exploration.
Source: IANS
30 billion in Tripura.
The Performance Monitoring and Benchmarking Group (PMBG) has awarded 'outstanding grade' for ONGC's assets in Tripura for the year 2006-07.
"Out of 10 ONGC assets across the country, Tripura topped the list scoring 110.24 percent due to high performance of gas production, gas flaring, lifting cost, besides number of wells drilled against agreed and approved targets," Hazarika said.
The ONGC has recently found two new gas yielding zones in western Tripura.
"A huge deposit of hydrocarbon has been found in both the new locations and this discovery would help in meeting additional gas requirements for the commissioning of the 750 mw capacity mega power project in south Tripura's Palatana," Hazarika said.
The ONGC is also set to resume exploration work in Nagaland after a gap of 13 years. Nagaland has an estimated 600 million tonnes of proven crude oil reserves.
"After drilling 28 wells in the Changpang area of Nagaland, there were some disputes over payment of royalties that led to abandonment of the exploration work in May 1994," the director said.
ONGC and the Nagaland government have recently signed an agreement for fresh exploration.
Source: IANS