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Assam set to get Rs 6,000 crore investment from ONGC

State-run oil behemoth will invest its project in the Sivasagar and Charaideo districts of upper Assam, in addition to hiring over 300 persons in the state

Assam set to get Rs 6,000 crore investment from ONGC
Assam set to get Rs 6,000 crore investment from ONGC

Guwahati: ONGC has said that it will approve drilling plans for 200 wells with investment commitments amounting to Rs 6,000 crore over the next seven years in Assam, a venture aiming to boost output from the state. The state-run oil behemoth has plans to drill wells in Sivasagar and Charaideo districts of upper Assam and hire over 300 people. “ONGC would be investing about Rs 6,000 crore in drilling 200 developmental wells across fields under ONGC Assam Asset in Sivasagar and Charaideo districts,” ONGC Director (Onshore) SK Moitra said in a statement.

“The ONGC Management has always accorded top priority to Assam and in 2019, special focus is being given. As a New Year gift, 308 posts for recruitment by ONGC Assam Asset (non-executive level) has been announced.”
“All statutory clearances are being obtained. The investment will lead to an increase in production from the state,” Moitra said. Moitra added that ONGC’s activities are aligned with the government’s aims to reduce its hydrocarbon imports by 10 percent by 2022 and North East Hydrocarbon Vision 2030. “The ONGC Management has always accorded top priority to Assam and in 2019, special focus is being given. As a New Year gift, 308 posts for recruitment by ONGC Assam Asset (non-executive level) has been announced.”