ONGC Assam Asset achieves target

The ONGCL, Assam Asset continued to remain upbeat when it comes to achiving all the targets in the first quarter of the current fiscal (2011-2012) inspite of several diffulties.

The Assam Asset is one of the oldest assets in ONGC with a very high rate of reservers depletion, has been able to over achive all the targets in 1st quarter of the current year except for gas sales which suffered a minor set back due to the lack of consumers.Expressing his satisfaction this is disclosed by B.K.Barua, Executive Director of the Assam asset, in a Press Meet on last August 10. He added, in this period the oil production has been over achived at 105.2% (0.302 MMT) against the planned out put of 0.287MMT. Natural gas production is also increased to 102% at 118.29% MMSCM against the planned production of 115.96 MMSCM.

In drilling sector, the Assam asset showsa significant performance which has surpressed its targets at 120% while planned targets was 5 nos Wells, the Assam asset drilled 6 nos wells. In the press meet the E.D. disclosed that the Assam asset will shortly lunch a project namely -SOMPRITEE for the medical treatment of local media persons and their family.