PSU IN MEDIA
NGC to intencify exploration of natural gas in Tripura
AGARTALA: The northeastern state of Tripura has perhaps the world's highest success rate when it came to yielding natural gas, a top official of state-owned Oil and Natural Gas Corporation (ONGC) said on Wednesday.
"We are striking gas in one out of every two wells drilled in Tripura, while the average ratio worldwide is one out of every three wells," said ONGC group general manager Ved Prakash Mahawar.
Since 1972, ONGC has drilled 176 wells in Tripura, bordering Bangladesh. Of these, 82 are yielding gas in 11 fields. "Currently ONGC is producing 3.95 million cubic meters gas per day and it would be doubled (6.35 million cubic metres) within the next three years," Mahawar told reporters.
News Must Read
- Canara Bank Q4 results, Net Profit up by 18.33% YoY
- Indian Coast Guard inks MoU with Jindal Steel for indigenous marine grade steel
- BPCL signs agreement with Noida International Airport
- Indian Bank Q4 results, net profit up by 6 percent on Quarter basis
- PSU Stocks tumbled amid RBI draft circular on lenders
- Paytm share price plunges 4% as president and COO Bhavesh Gupta resigns
- GAIL Global USA and Kinder Morgan Operating LLC signed MOU
- SJVN signs agreement with Tata Power RE for 460 MW Renewable Energy Project
- Keel Laying of the First Next Generation Offshore Patrol Vessel At Goa Shipyard Ltd
- REC Ltd received NOC to set up wholly owned subsidiary in Gift City, Gujarat