ONGC may shift its proposed new basin to Cachar in Assam from Agartala

May shift proposed basin from Tripura to Assam State-owned ONGC may shift its proposed new basin to Cachar in Assam from Agartala, where initial work had already begun last year. The ONGC board is likely to take a decision on the upcoming second basin of North East in the next six months. “Cachar has lot of accrues, but the area is less explored. So we are looking at the possibility of setting up the basin in Cachar and may shift it from Agartala,” ONGC Director (Onshore) Ved Prakash Mahawar said here. He, however, clarified that no final decision has been taken yet on shifting the proposed basin to Assam. Asked by when a decision is expected, Mahawar said: “The Board may decide on this in the next six months.”
Source: http://www.millenniumpost.in