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Eight Oil Mining Lease Blocks For Assam Signed With Oil India

TNI || New Delhi || 31st March 2022

The Assam government has agreed to lease eight petroleum mining lease blocks to Oil India (OIL). On behalf of the Assam government and Oil India, Ananda Kr. Das, ACS, Joint Secretary & Director (Geology & Mining) of the Government of Assam, and Agadh Medhi, Executive Director (Frontier Basin), OIL, signed the deed.

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The eight PML blocks happen to be Dibrugarh, Dibrugarh Extn, Borhapjan, Borhat, Moran, Hugrijan Extn, Doom Dooma Extension, and Mechaki Extension.

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Oil India is projected to pay the Assam government more than Rs 2,000 crores per year. Jogen Mohan, the Minister of Mines and Minerals, stated that the government would assist OIL in its search for hydrocarbons in any way feasible.

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OIL’s RCE, Prasanta Borkakoty, guaranteed that the company will make serious efforts to reach higher levels of excellence through combined and effective involvement from all stakeholders.

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He discussed OIL’s plans to increase crude oil and gas production by expanding its exploration and development strategy.