AHECL to get 10% participating interest in Namrup Block
Guwahati: Assam government’s public sector unit, Assam Hydrocarbon and Energy Company Limited (AHECL) will receive ten percent participating interest in exploration and production of crude oil and natural gas in the Namrup Block allotted to Oil India Limited covering an area of 125 sqkm.
A Memorandum of Understanding (MoU) between AHECL and Oil India Limited was inked in presence of Chief Minister Sarbananda Sonowal.
As per the MoU, AHECL would receive ten percent participating interest in exploration and production of crude oil and natural gas in the Namrup Block allotted to OIL covering an area of 125 sqkm.
According to the state government it will be the first real business venture of AHECL since its inception in 2006.
