GUWAHATI, May 13 � Public sector giant Oil India Ltd�s (OIL) Chairman and Managing Director SK Srivastava today met Chief Minister Tarun Gogoi and State Chief Secretary Jitesh Khosla and apprised them about the energy company�s operations.
This was stated by Tridib Duvarah, Manager, PR and Co-ordination, OIL, in a press release.
Srivastava told the Chief Minister that although the company has been expanding its operation in India and overseas, Assam is still its main focus area.
�The total 12th Five Year Plan (2012-13 to 2016-17) outlay of OIL is Rs 19,003 crore, out of which Rs 12,000 crore will be spent for exploration and development of its fields in Assam,� the statement quoted him.
In Assam, the company has taken several initiatives under its CSR programme, spending almost Rs 70 crore last year.
�Major initiatives taken are in healthcare, where mobile dispensary units conduct almost 20-24 visits to villages every month in OIL�s operational
areas to attend to the needy in these villages,� it said.
OIL has also taken up as an MoU target to reduce infant mortality rate in its areas.
�On the education front, OIL has started three coaching centres in Assam to prepare students from BPL families for IITs and other technical institutions. These centres are in Guwahati, Jorhat and Dibrugarh. Besides this, OIL gives several scholarships to meritorious students, and aids in building school and college infrastructure, etc,� said the statement.
Meanwhile, the crude oil production of the company during 2013-14 was 3.502 MMT and natural gas production was 2626 MMSCM.
The company is also expanding its footprints overseas and has made discoveries in its exploration blocks in Gabon and Libya.
�In Gabon, in the 3rd well drilled, oil and gas were discovered. Two appraisal wells are to be drilled by September this year. In Libya, where Sonatrach, the Algerian national oil company, is the operator, four wells have been drilled and in three wells gas has been discovered and in one well light oil was struck. Appraisal activities are in progress here. These discoveries have opened up new areas for OIL to focus on,� it said. Production is also going on in the company�s assets in Venezuela and the US. It also stated that recently OIL acquired 10 per cent stake in the Rovuma Block in Mozambique, where activities are in progress.
