North East News Agency

Country’s premier oil sector PSUs, Oil India Limited (OIL) with its operational headquarter based at Duliajan, will start exploration of hydrocarbon on Brahmaputra river bed during winter.

This was announced by newly appointed chairman-cum-managing director (CMD) of the company Mulk Raj Pasrija.

“With the discoveries of good reserves of hydro-carbon at Khagorijan, Baghjan and Chandmari oilfields, the company is very much hopeful of discovering enormous reserve of hydrocarbon in the riverbed of the mighty Brahmaputra and the north bank of the river and will start exploration with the onset of the winter, Mr. Pasrija revealed.

The new CMD stressed that OIL would attach top priority on exploring new fields and that the company will spent 85 per cent of the Rs 1800 crore, which the company got from the Oil pool in the North-East particularly in Assam. He further claimed that fund will not be a constraint for the growth of the company by next year. He also informed that the company has formulated some short and long-term achievement targets and the company has achieved the target of producing 3.65 MT (oil) and 2.5 MT (gas) in short term basis in 2006. Pasrija particularly stressed on making aggressive effort to achieve the target of 7 MT (of oil) by the end of this decade and hoped to produce even more provided there was a conducive and congenial atmosphere prevailing in the operational areas.

He also appealed to various organisations for extending cooperation enabling the company to grow which will directly benefit the people of the operational areas, the state and the nation as a whole.

On All Assam Students’ Union (AASU) opposition to his appointment as the new CMD of the company which has been advocating for appointment of an indigenious technocrat to the top post, the new CMD answered that he honours the sentiments and hopes of the people and hoped  good sense would prevail.

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