ONGC approves Rs 3104 crore investment in Tripura


Public sector oil major ONGC on Friday announced it has approved Rs.3,104 crore additional investment for drilling of wells and creating surface facilities to produce 5.1 MMSCMD (million metric standard cubic metres per day) gas from gas fields in Tripura.Earlier in 2008, ONGC board had approved Rs 1,946 crore for the same. As a result of geological mapping and exploratory efforts, so far 11 gas fields have been discovered by ONGC in Tripura, of which 7 are under production. Currently, ONGC Tripura Asset is carrying out its drilling activities with 3 owned rigs under operation and well servicing operations through 2 work-over rigs.