STOCKWATCH
·
Oil Exploration & Production
Press Release1 Sept 2024, 07:24 pm

OIL India and Indra Dhanus Gas Grid Limited Sign Hook-up Agreements

AI Summary

Oil India Limited (OIL) and Indra Dhanus Gas Grid Limited (IGGL) have signed hook-up agreements for connecting OIL's natural gas fields of upper Assam with the Duliajan Feeder Line of the North-East Gas Grid. The agreement also covers the evacuation of natural gas to be produced from OIL’s DSF block in Tripura through IGGL’s 12” NB x 86 km Agartala- Tulamura natural gas pipeline. The signing ceremony took place at the field headquarters of OIL Duliajan in the presence of Dr. Ranjit Rath, CMD, OIL; all the functional Directors of OIL and Senior Officials of OIL & IGGL on 31.08.2024.

Key Highlights

  • OIL and IGGL signed hook-up agreements for connecting OIL's natural gas fields in upper Assam with the North-East Gas Grid.
  • The agreement also covers the evacuation of natural gas from OIL’s DSF block in Tripura through IGGL’s Agartala- Tulamura natural gas pipeline.
  • The signing ceremony took place at the field headquarters of OIL Duliajan in the presence of Dr. Ranjit Rath, CMD, OIL and other senior officials.
  • This agreement marks a step forward in OIL's vision of enhancing the energy infrastructure in the North-East region.
  • The agreement also aligns with OIL’s commitment towards a gas based economy for the nation.
OIL
Oil Exploration & Production
OIL INDIA LTD.

Price Impact