IT News
Imphal, June 29,
In a press statement Oil India Limited(OIL) invites offer for enhancing production on revenue sharing basis from of its marginal fields.
The statement further said that Oil India Limited (OIL) ; India’s second largest National Exploration and Production Company, in its endeavour to enhance the production from its old and ageing fields has published Notice Inviting Offer (NIO) seeking partners for enhancement of production from two of its marginal fields (Digboi field in Assam and Baggitibba field in Rajasthan) through induction of new and appropriate technology.
The total in place hydrocarbon volume of the two fields is of order of 49 MMTOE.
The offer would provide an opportunity to oil and gas service providers and operators to partners with OIL on a revenue sharing model. However, the Petroleum Mining Lease and Ownership of the fields will remain with oil. The new technology partner will infuse new and appropriate fit for purpose technology to increase the production. the statement added,
