ONGC gets green nod for Rs 240cr project in Assam

State-owned Oil and Natural Gas Corp (ONGC) has received the green nod to drill six development wells in Assam at an estimated cost of Rs 240 crore.

The Union Environment Ministry has given the environment clearance for six development wells in five mining lease blocks in Jorhat and Golghat districts, according to an official document.

The company had sought permission for drilling 12 development wells but it received clearance for six wells at present.

TRENDING NOW

China's factory activity expands for first time in six months, in latest sign economy is recovering

Finance Ministry notifies October 1 date for implementing amended GST law provisions for e-gaming

NPS: Want to get a Rs 50,000 pension per month? Try this

Government increases windfall tax on domestic crude to Rs 12,100/t from Rs 10,000/t

A look at this week's startup deals: Dunzo, Byju's, NIKOL EV, Pilgrim, Bluestone, Raptee in news

Auto giant Aston Martin launches DB12 in India; know ex-showroom price and specifications

Google's Bard may get 'Memory' feature to keep details about you

EPFO extends deadline to upload details by employers for higher pension option by 3-month till Dec 31

Amidst India-Canada row over Khalistan terrorist killing, Indian envoy to UK stopped from entering Scotland Gurdwara

Amazon Great Indian Festival dates announced; Prime members to get early access from October 8

NPS: What is PRAN? How can I generate it online?

Amazon Great Indian Festival: Get Apple iPhone 14 for as low as Rs 23,249

UAW adds GM, Ford SUV plants to strike

Guaranteed Pension System (GPS) vs Old Pension Scheme (OPS): Which pension scheme offers maximum retirement benefits?

Apple to hire more people in UK to work on AI: Tim Cook

The clearance, which is subject to compliance of certain conditions, has been given after taking into consideration the recommendation of a green panel.

The total mining lease area of Jorhat and Golaghat districts is 32.116 sq km and 120.5 sq km, respectively. The total project cost is pegged at Rs 240 crore.

ONGC said the proposed project aims to enhance reliable hydrocarbon supplies, which will bring economic benefits and provide indirect employment opportunities to the local people and also benefit the area by way of improvement in existing infrastructure.

The company has obtained the first stage forest clearance for the project.

ONGC is the largest producer of oil and gas in the country, contributing 72.4 per cent of the crude oil and 48.5 per cent of the natural gas production. At present, over 78 per cent of India's oil requirements are being met through imports.