AGARTALA, March 11 � Keeping in mind the proposed fertiliser factory in Unakoti district of Tripura, oil giant ONGC is in the process of establishing a gas reservoir to feed the plant for at least 15 years.
So far, the ONGC has struck gas at Khoubal after exploring ten wells spending crores of rupees. There are indications of discovering hydro carbon in two more wells out of the total three at Khoubal area near Panisagar subdivision.
Drilling of one more well is in progress at Khoubal where the Rs 5,000 crore urea plant is proposed to come up.
�Before setting up the fertiliser factory, we want to establish hydro carbon reservoir so as to feed the plant for at least 15 years, said Asset Manager, ONGC Tripura Asset VP Mahawar at a special media interactive session last night.
As per the plan, the proposed 1.3 MMTPA fertiliser manufacturing company needs 2.4 MMSCMD hydro carbon per day. �To ensure supply of hydro carbon, we need to establish enough gas reservoir there and that�s why the ONGC has been carrying out an intensive exploration drive at Khoubal and its vicinity�, he said.
It may be noted that the ONGC has inked a MoU with Chambal Fertiliser Company Ltd in April last year to set up a fertiliser manufacturing company at Khoubal.
The identified land for the proposed plant is not suitable since Rs 800/900 crore would be required to prepare a level land thus escalating the project cost. �We have requested the State Government to provide alternative land for setting up the plant nearby Khoubal�, he said.
On the ONGC�s future plan, Mahawar said the oil giant wants to enhance the gas production from 5.75 MMSCMD to 6.35 MMSCMD by 2015-16 FY. In the year 2013-14, the ONGC has already drilled 12 wells and one more is expected to be completed very shortly.
At present, four rigs are engaged in exploration drive and more rigs will be added in the next financial year to enhance the ongoing exploration operation of the oil giant.