The Oil and Natural Gas Corporation (ONGC) Ltd has rubbished media reports that the public sector enterprise has planned to shift its office from Nazira to Jorhat.
The ONGC in a statement said it has no plan to shift the office of the executive director & asset manager, Assam Asset.
It further reiterated that the office will continue to remain at Nazira in order to monitor and utilise the resources effectively for operational purposes.
“In addition to the office at Nazira, executive director & asset manager will also have an office at Sivasagar,” it said.
The ED will mainly operate from Nazira and will also sit in Sivasagar office as and when required for operational purposes.
ONGC has further signed an MoU with Assam government for investing more than Rs.13000 crore (Rs thirteen thousand crore) during next 5 years in Assam for enhancing its exploration & production (E&P) activities.
This investment is being made for drilling more than 220 Oil & Gas Wells in next five years, the ONGC said.
ONGC is giving impetus to its activities in alignment with Prime Minister’s call for reducing import by 10% by 2022 and North East Hydrocarbon Vision 2030.