ONGC gets ‘green’ nod to drill wells in Assam for Rs. 240 crore

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Oil and Natural Gas Corp (ONGCNSE 0.83 %) has received the green nod to drill six development wells in Assam at an estimated cost of Rs 240 crore.
The Union Environment Ministry has given the environment clearance for six development wells in five mining lease blocks in Jorhat and Golghat districts, according to an official document. The company sought permission for drilling 12 development wells but it received clearance for six wells, currently. The clearance, was given after taking into consideration the recommendation of a green panel.
The total mining lease area of Jorhat and Golaghat districts is 32.116 sq km and 120.5 sq km, respectively. The total project cost is pegged at Rs 240 crore.
ONGC said the proposed project aims to enhance reliable hydrocarbon supplies, which will bring economic benefits and provide indirect employment opportunities to the local people and also benefit the area by way of improvement in existing infrastructure.
The company has obtained the first stage forest clearance for the project.