HT Bureau
GUWAHATI, May 12: The state government has signed one Petroleum Mining Lease block with 1) Hindustan Oil Exploration Company Limited (HOEC), 2) Oil India Limited, 3) Indian Oil Corporation Limited (Assam Oil Division) (joint venture) in the presence of Jogen Mohan, minister, Mines and Minerals department here on Thursday.
Ananda Kr Das, ACS, joint secretary & director (Geology & Mining), Government of Assam & Debasis Gupta, from HOEC, Abhijit Buragohain from OIL and K Mohan, general manager, IOCL, signed the deed on behalf of the government of Assam.
Jogen Mohan has assured that the Assam government would provide all possible support to HOEC, OIL, and IOCL in its quest for hydrocarbons. He also said that it will enhance revenue of the exchequer and will bring prosperity to the state. He emphasised the need for the nation’s self-reliance in energy and economic growth of the country.
The PML Block is Dirok (AAP-ON-94/1) Mining Lease measuring an area of 75.94 sq km in Tinsukia district of Assam which was granted for 20 years w.e.f. 25.08.2017.
Production is going on condensate and natural gas in this block. The royalty collected from this block in 2021-2022 is Rs 43.96 crore. Till now from 2017, the government of Assam has received royalty about Rs 180 crore.
The Assam Government is expected to receive a total of more than Rs 450 crore from this block.
