Agartala: June 19. Oil India Limited will spend around Rs 60 crore over the next two years in Tripura, said Gomati District Magistrate Tarit Kanti Chakma.
Speaking with Business North East, the Gomati District Magistrate said that Oil India Limited has made a breakthrough in Tripura’s hydrocarbon scenario, as Debtamura in Gomati District is set to be the site of a well to be drilled by the oil and gas company.
"Around Rs 50–60 crore will be invested over the next two years. On May 11, Oil India Limited commenced its exploration and production activities in Tripura by spudding the well at Debtamura under Gomati District," he said.
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The official further informed that this marks a historic breakthrough in Tripura’s hydrocarbon scenario, as Debtamura#1 is going to be the first well drilled by any oil and gas company in the state under the Government of India’s Hydrocarbon Exploration and Licensing Policy (HELP) regime.
"The well Debtamura#1 is located approximately 120 km from Agartala, inside the Baramura-Debtamura Reserve Forest in Gomati District, near the Indo-Bangladesh international border. Till date, hydrocarbon exploration and production activities in this block had faced a myriad of challenges, which broadly include undulating and densely vegetated terrain, difficult surface logistics due to limited and narrow hilly roads with hairpin curves, a prolonged monsoon season causing unprecedented floods, and ensuing landslides due to younger sediments dissected by lineaments, which have severely damaged the well plinths and the approach road," the official said.
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