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West Bengal discovered a spot within the oil map of India as Union Minister Dharmendra Pradhan on Sunday devoted an oil and gas producing subject in North 24 Parganas district to the nation.
He mentioned manufacturing from the petroleum reserve right here, about 47 km from Kolkata, has began with extracted oil being despatched to Haldia refinery of Indian Oil Corporation (IOC).
“With the commencement of production from the Ashoknagar oil and gas reserve, West Bengal finds a place in the oil map,” he mentioned after inaugurating the challenge. The first confirmed reserve of oil and gas within the state was found in 2018.
The Ashoknagar subject, which falls beneath the Mahanadi-Bengal-Andaman (MBA) basin, has been proved to be commercially viable, he mentioned.
PSU main ONGC had spent Rs 3,381 crore for discovery of the Ashoknagar oilfield, he mentioned, including that two extra wells can be explored by the corporate beneath Open Acreage Licensing Policy (OLAP).
The minister mentioned crude oil found on the Ashoknagar reserve is of top quality.
He mentioned industrial manufacturing from the oilfield will enhance West Bengal’s income and create job alternatives within the state.
The petroleum and pure gas minister mentioned this is able to be the eighth hydrocarbon producing basin of India, and ONGC took “a step by commencing oil production under the early monetisation plan of the government”.
The Centre had issued tips for early monetisation of hydrocarbon discoveries.
The Directorate General of Hydrocarbons had mentioned firms can immediately begin industrial manufacturing from any oil and gas discovery with out present process the time-consuming process of presidency approvals for subject growth plans and different bureaucratic processes.
“The project would be a step towards our commitment to support Prime Minister Narendra Modi’s clarion call for reducing 10 per cent oil import by 2022,” Pradhan mentioned.
He urged the native folks to cooperate with the Maharatna PSU for oil and pure gas exploration work and mentioned they’d profit from the challenge.
ONGC chairman and managing director Shashi Shanker together with different administrators of the corporate have been current on the event.
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