Assam has entered into an agreement with Oil India to lease 8 blocks

Guwahati: The Assam government on Tuesday said it has signed a mining agreement with PSU giant Oil India for the exploration and extraction of petroleum products in eight blocks, with an annual royalty of about Rs 2,000 crore. ۔

An official release said that Anand Kumar Das, Director of Geology and Mining and Agadha Medhi, Executive Director (Frontier Basin) of Oil India Limited (OIL) have met Minister of State for Mines and Minerals Jogen on behalf of the Government of Assam and Oil India. Signed the agreement in the presence of Mohan.

The 8 PML (Petroleum Mining Lease) blocks are Dabro Garh, Dabro Garh Extension, Hagrijan Extension, Borhapjan, Borhat, Moran, Dumduma Extension and Mechaki Extension.

“The Assam government expects to receive more than Rs 2,000 crore annually from Oil India Limited,” the statement said.

Mohan said the Assam government would extend all possible assistance to OIL in its search for hydrocarbons.

He also requested the company to increase the recruitment of locals.

OIL Resident Chief Executive Prasanta Borkakoty said the company would make a sincere effort to achieve a high level of excellence through concerted efforts and effective partnerships with all its stakeholders.