HOEC, IOC bags Umatara exploration contract
First Published: 5th March, 2019 21:49 IST
Hindustan Oil Exploration Corporation on Monday said that it has been awarded the contract of exploring Umatara field in Assam in consortium with Indian Oil Corporation Limited. A formal revenue
Hindustan Oil Exploration Corporation on Monday said that it has been awarded the contract of exploring Umatara field in Assam in consortium with Indian Oil Corporation Limited.
A formal revenue sharing contract is likely to be signed with the government later this month. The participating interest of HOEC will be 10% while IOC will hold 90 per cent.
Umatara is located within an aerial distance of 50 km from Dirok field operated by HOEC and forms part of upper Assam shelf petroleum system. The contract area extends to 52 sq km and lies southwest of giant Naharkatiya oil field.
The nearest oil handling facility is at Sapkaint within 14 km. Umatara becomes the fifth block in vergrowing HOEC’s portfolio of northeast blocks, joining Dirok, Kherem, Kharsang and Greater Dirok.
COMMENTS
TOPMOST STORY NOW
Live Stones pelted in Longding during scrutiny of nomination papers
28th March 2024Live Assam: Bhutan king visits Dhubri on way back home from Bangladesh
28th March 2024Live Assamese documentary ‘Fehujali’ wins ‘Best Short Documentary’ award at 7th New Delhi Film Festival
28th March 2024Live Over 5,000 people from Muslim community join BJP in Assam today
28th March 2024WE RECOMMEND
Assamese documentary ‘Fehujali’ screened at 7th New Delhi Film Festival
Produced by the Director General of Police, Assam GP Singh, “Fehujali” is directed by Dr. Partha Sarathi Mahanta, IPS, with English subtitles meticulously curated by Dr. Jovial Kalita.
28th March 2024Lok Sabha Polls: Topon Gogoi files nomination for Jorhat LS seat, accompanied by Assam CM
Kamakhya Prasad Tasa and Ranjit Dutta also filed their nominations for the coming Lok Sabha elections.
27th March 2024LS polls 2024: Candidates in Assam declare assets in election affidavit, check out how rich they are
The affidavit submitted by Union Minister Sarbananda Sonowal, who is contesting the election from the Dibrugarh seat has revealed that has Rs 48 lakh in 4 different bank accounts
27th March 2024HM Amit Shah to visit poll-bound Assam on April 6
CM Sarma said, "Our goal is to make sure our party's victory in each pooling booth because we would only win the battle if we win in all booths."
27th March 2024Union Ministers Sarbananda Sonowal, Kiren Rijiju file nominations for LS Polls 2024
Sonowal filed his nomination in Dibrugarh, Rijiju filed his papers in Aalo in Arunachal. Sonowal is contesting for the Dibrugarh seat, Rijiju is contesting for the Arunachal West set for another term
26th March 2024