1. Oil India makes oil discovery in Assam basin

Oil India makes oil discovery in Assam basin

Oil India Ltd, the nation's second largest explorer, today said it has made an oil discovery in the Baghjan area of Upper Assam Basin.

By: | New Delhi | Published: June 6, 2017 8:59 PM
Oil India Ltd, Oil India, oil discovery, Assam basin, Assam, Petroleum Mining Lease, PML OIL had also made 10 discoveries in its operational areas of Assam during 2016-17. (Reuters)

Oil India Ltd, the nation’s second largest explorer, today said it has made an oil discovery in the Baghjan area of Upper Assam Basin. “The well South Baghjan-2 encountered multiple sands in Narpuh and Lakadong+Therria formations. On testing, a 15 meter thick sand at a depth of 4154 meters produced oil at the rate of 100 cubic meters per day,” the company said in a statement. The discovery was made in the Baghjan Petroleum Mining Lease (PML) in the Upper Assam Basin. “Presently, the well has been put on regular production,” the company said adding further appraisal of the discovery is planned that is likely to enhance the oil and gas production. OIL had also made 10 discoveries in its operational areas of Assam during 2016-17. “The discoveries have opened up avenue for further exploration of already identified leads / prospects in the area,” the statement added.

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