Cauvery Asset crosses 1 million tonne production

It will be a race to the finish for state-run oil and gas firm ONGC's Cauvery Asset to meet its production target for the XI Five-Year Plan (2007-12), with cumulative output crossing the 1-million metric tonnes mark recently, a top company official said Wednesday.

Karaikal: It will be a race to the finish for state-run oil and gas firm ONGC's Cauvery Asset to meet its production target for the XI Five-Year Plan (2007-12), with cumulative output crossing the 1-million metric tonnes mark recently, a top company official said Wednesday.

The company was set a target for production of 1.113 MMT of crude oil from the Cauvery Asset in the XI Plan.

In this regard, the company has achieved impressive productivity this year, the executive director and asset manager of the Cauvery and Karaikal Assets, Akbar Vazeerullah, said here.

Cumulative oil production from the Cauvery Asset in the current fiscal so far stands at 170,325 metric tonnes, which is 105 percent of the targeted output during the period, he said.

He was addressing a gathering at the Neravy Grounds of the Cauvery Asset after unfurling the tricolour on the occasion of India's Republic Day celebrations.

PTI

Tags: