ONGC to Invest Rs. 5,050 cr in Tripura

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The state run ONGC has taken another major step to develop North Eastern state Tripura by approving Rs. 5,050 cr investment plan in Tripura. The investment will be made for drilling of wells and creation of surface facilities to produce 5.1 mmscmd gas from state’s fields.

The Ministry of Petroleum & Natural Gas has a master plan to develop North Eastern region as a Hydrocarbon hub under the Hydrocarbon Vision : 2030 project. Today’s approval by ONGC board for investment of Rs. 5,050 cr is a part of the above said project. The board meeting held on 11th February at New Delhi.

As per the press release issued by the Ministry of Petroleum & Gas, an amount of Rs. 1946 cr has been approved by the board in 2008 for the same and total approved investment will be Rs. 5,050 cr.

It is worth mentioning that 11 gas fields have been discovered so far by the ONGC out of which 7 fields are on operation. ONGC has already conducted several exploratory operation and geological mapping in Tripura and efforts are underway for proper assessment of Gas source in this landlocked state.

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