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Kolkata, Oct 31 (PTI) Assam Company Limited, a Duncan Macneill Group company, has successfully tested oil at Amguri oil field in Assam and earmarked about 100 million dollars for exploration ventures over next three-four years.
Publication: PTI - The Press Trust of India Ltd. Publication Date: 31-OCT-05 |
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COPYRIGHT 2005 Asia Pulse Pty Ltd
The company has found oil at Amguri well 5, where it has been carrying out exploration in association with Canoro Resources Limited, a Canadian company with expertise in oil and gas business worlwide.
Announcing this here today, ACL managing director and CEO Aditya K Jajodia said ''commercially proven reserves were found at Amguri Development Blocks, encompassing an area of 52.57 square kilometres, with estimated oil reserve of 50 million barrel and...
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