The Oil and Natural Gas Corporation (ONGC) has established a recoverable reserve of 40-45 Million Metric Standard Cubic Meter gas (MMSCM) in the wake of massive exploration drive in Tripura, officials said.
"So far, we have drilled 220 wells of which more than 100 wells are operational. Four rigs were set up and four more rigs are being set up in different parts of the state. A total of eight rigs would be operational in two months," Director of ONGC VP Mahawar said on friday.
Mahawar said that exploration drive for gas and oil has been expedited in the North-East to attract industries in the region. Though ONGC had set a target of drilling 31 wells in Assam's Nazira and Shibsagar districts by the end of this financial year, it hopes to complete the drilling of 33 wells in the given time period.
The prospect of drilling for Arunachal Pradesh and Nagaland is also bright and proper drives for exploration would be given in those states, Mahawar said. Mahawar said that two gas bearing wells were explored in Khubal areas of North Tripura districts and experiments were on to measure the quantum of gas reserves in those wells.