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 Vishal Kumar, Returning Officer for West Tripura LS seat briefs media
19th April 2024
Live Nagaland Chief Electoral Officer briefs media after voting officially ends
19th April 2024
Live Lok Sabha Polls: Meghalaya CEO BDR Tiwari briefs media
19th April 2024
Live Indefinite shutdown and poll boycott in Eastern Nagaland: ENPO president speaks to Northeast Live
19th April 2024
WE RECOMMEND
Assam Lok Sabha Elections 2024: Naba Kumar Sarania files nomination for Kokrajhar seat despite HC order
Despite the Gauhati High Court's ruling on Thursday, which declared Naba Kumar Sarania's Scheduled Tribe- Plains certificate invalid, he filed his nominations on Friday.
19th April 2024
Assam Lok Sabha Elections 2024: BPF candidate for Kokrajhar Kampa Borgoyary files his nomination
The Bodoland people’s front (BPF) organised a massive public rally from Kampa Borgoyary’s residence to Kokrajhar DC office before filling the nomination papers.
19th April 2024
Voting for 5 Lok Sabha seats in Assam underway, 35 candidates in fray
Voting has begun at 7 am in 10,001 polling booths across Assam.
19th April 2024
Polling for 15 of the 25 Lok Sabha seats in Northeast underway, 96 candidates in fray
As many as 35 candidates are in the fray in Assam, 10 each in Manipur and Meghalaya, 14 each in Arunachal Pradesh and Sikkim, 6 in Mizoram 4 in Tripura and 3 in Nagaland.
19th April 2024
Assam LS Polls: Kokrajhar’s NDA candidate Joyanta Basumatary files nomination
Meanwhile Chief Executive Member of the Bodoland Territorial Council Pramod Boro said that Basumatary is sure to win by a large margin.
18th April 2024