ONGC board approves investment of Rs 5,050 cr in Tripura

19 February, Agartala

NGC management has approved additional investment of Rs 3,104 crore for drilling of wells and creation of surface facilities to produce 5.1 Million Metric Standard Cubic Meter per Day (MMSCMD) gas from Tripura gas fields, officials said here Friday.

The ONGC release said earlier in 2008, ONGC board had approved for investment of Rs 1,946 crore and with the fresh approval the total approved investment in Tripura will be Rs 5,050 crore describing that north-east region as a dominant hydrocarbon hub at the forefront of Indias energy economy.

In geological mapping and exploratory efforts, ONGC so far discovered 11 gas fields in Tripura and of which seven fields are on production.

Under this investment campaign to produce and supply total 5.1 MMSCMD to various consumers for another 15 to 20 years.

The ONGC will drill another 153 wells in the state and enhance production processing and gas supply capabilities through construction of new gas collection and separation units, up-gradation of existing units and laying of 282 km pipe lines of gas grid network and 600 km flow lines, the release said.

Currently, ONGC Tripura asset is carrying out its drilling activities with three owned rigs under operation and well servicing operations through two work-over rigs. Nevertheless, additional four to five hired rigs are anticipated to be under operation in this year which will intensify the exploration activities.

Tripura gas fields lie in logistically, environmentally challenged area, where good number of drill site/facility/pipeline locations are likely to be in forest lands which needs special attention for forest clearance and timely civil/site construction, it added.

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