40-45 MMSCM recoverable gas reserve established in Tripura
PTI The Oil and Natural Gas Corporation (ONGC) has established a recoverable reserve of 40-45 Million Metric Standard Cubic Meter gas (MMSCM) in the wake of massive exploration drive in Tripura, officials said. "So far, we have drilled 220 wells of which more than 100 wells are operational. Four rigs were set up and four more rigs are being set up in different parts of the state. A total of eight rigs would be operational in two months," Director of ONGC VP Mahawar said yesterday. Mahawar said that exploration drive for gas and oil has been expedited in the North-East to attract industries in the region. Though ONGC had set a target of drilling 31 wells in Assam's Nazira and Shibsagar districts by ...
India, Mozambique to deepen economic engagement
Source: PTI India and Mozambique on Wednesday decided to ramp up economic engagement, particularly in the energy sector with Prime Minister Narendra Modi saying the African nation can be a "large source" of coal and natural gas to drive the growth of Indian economy. During his wide-ranging talks with President Filipe Nyusi, Modi hoped that Mozambique, with its estimated 180 trillion cubic feet of off-shore gas reserves, would provide an "encouraging environment" for Indian investments in various key areas including hydrocarbons, minerals and infrastructure. Both sides inked an MoU on Cooperation in the field of renewable energy. The two leaders deliberated on a range of issues including cooperation in defence, maritime security in the Indian Ocean region, agriculture and ocean economy. ...
