SIVASAGAR, Sept 11 - ONGC Nazira, through a release today, clarified that it has no such plans to shift the office of the Executive Director and Asset Manager, Assam Asset. Further, the ONGC reiterated that the office will continue to be at Nazira in order to monitor and utilise the resources effectively for operational purposes.
In addition to the office at Nazira, Executive Director and Asset Manager will also have an office at Sivasagar. The ED will mainly operate from Nazira and will also sit in Sivasagar office as and when required for operational purposes.
Further, it was informed that the ONGC has signed an MoU with the Government of Assam for investing more than Rs 13,000 crore during next five years in Assam for enhancing its exploration and production activities. This investment is being made for drilling more than 220 oil and gas wells in next five years.