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ONGC may shift proposed basin from Tripura to Assam

Press Trust of India  |  Guwahati 

State-owned may shift its proposed new basin to Cachar in from Agartala, where initial work had already begun last year.

The board is likely to take a decision on the upcoming second basin of North East in the next six months.

"Cachar has lot of accrues, but the area is less explored. So we are looking at the possibility of setting up the basin in Cachar and may shift it from Agartala," Director (Onshore) Ved Prakash Mahawar told PTI here.

He, however, clarified that no final decision has been taken yet on shifting the proposed basin to

Asked by when a decision is expected, Mahawar said: "The Board may decide on this in the next six months."

In December last year, the Director had said that was working on to launch a new basin in Agartala by the end of this year to focus more on exploration of and gas in North East. He had informed that construction work was going on as there was no proper building to start functioning of a 'basin' in Agartala.

"We are discussing about setting up a basin in Agartala. Director of Exploration and I visited Agartala around five months ago. We checked the facilities. Currently work for creation of workstation is going on," Mahawar had said then.

ONGC's North East operations is divided into two areas -- Shelf from Jorhat to Duliajan and Fold Belt from Silchar to Agartala.

Silchar is the headquarters of Cachar district of Barak valley in

Fold Belt has mainly gas, while there are both and gas in Shelf.

While exploration is being done only by Assam-Arakan basin based at Jorhat, the production is divided by three Assets -- Asset at Nazira, Jorhat Asset at Jorhat and Asset at Agartala.

Basin's job is to discover or explore and gas, but it does not produce anything.

On the other hand, an Asset exploits or produces and sends the products to refineries.

Last fiscal, ONGC's production in was 0.9 million tonnes and this year it is targetted to reach the figure of 1 million tonnes.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 16 2017. 16:02 IST