Blockade hits OIL production in upper Assam
Crude oil and natural gas production by Oil India Ltd in Assam have been seriously hit by an oil blockade launched in January by an ethnic group demanding an economic package from the oil major.
In March, state-owned OIL's oil and gas production fell short of the target by 7.6 per cent and 26.3 per cent respectively.
"Crude oil production was shorter than the target at Khagorijan, Chabua, Baghjan and Barekuri fields. Disruptive activities by miscreants compounded the problem and production further dipped," an OIL official told PTI.
According to the figures available till March, OIL produced 0.292 MMT (million metric ton) crude in the oil fields of upper Assam against a target of 0.316 MMT in March.
According to OIL official, less than planned contribution from exploratory drills was also one of the reasons behind the poor output.
The blockade was launched by the All Assam Muttock Yuba Chatra Sanmelan to press OIL to announce a developmental package for the Muttock ethnic group that dominates certain areas of the company's operations.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.