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ONGC reaps double bonanza in Assam

ONGC, the oil & gas PSU major, has found uranium in Borholla and struck oil in Kasomarigaon, both in Upper Assam.

, ET Bureau|
Nov 11, 2009, 09.08 PM IST
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GUWAHATI: ONGC, the oil & gas PSU major, has found uranium in Borholla and struck oil in Kasomarigaon, both in Upper Assam.

A K Hazarika, director (onshore) told ET: "We have started examining our oil wells log data. During one such examination, we found uranium in the Borholla well. Already, we have inked an MoU with Uranium Corporation of India (UCIL) and are carrying out a joint study. We are going through the log data of several abandoned wells to trace Uranium."

Mr Hazarika added: "There are several areas in the North East, including Mizoram, which are believed to be uranium-rich. In Kasomarigaon we have found a new oil well. It is producing 70 cubic metres of oil per day."

He further said: "I am going to Nazira in Upper Assam on Thursday to have a meeting with my team and talk on the development of the new well. For refurbishing our facilities, we have come up with an investment plan. The project aims at re-engineering and revamping surface facilities, which are more than 30-40 years old. Under this we are investing around Rs 2,376 crore. Orders have been placed and ground work will start soon."

The ONGC board on March 5, 2009 approved sanctions for investment proposals for renewal of Lakwa and Lakhmani surface facilities in Assam. The project will sustain production and uninterrupted exploitation for the next 25 years and maintain high standards of safety and environment. Revamping and renewal of surface facilities in other such assets in Assam will also be taken up in a phased manner.

When asked about ONGC���s plan of re-entering the hydrocarbon sector in Nagaland, Mr Hazarika said: "Nothing has moved much on this front."

ONGC had earlier stopped E&P activities in Nagaland after militant outfits threatened to stop E&P activities in 1994. ONGC is once again in the process of starting operations in the state. It has opened a liaison office at Dimapur in Nagaland.
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