Karbi Oil

Guwahati: Oil India Ltd (OIL) on Wednesday signed a memorandum of understanding (MoU) with the Karbi Anglong Autonomous Council (KAAC) for oil excavation from the Dhansiri Reserve Forest in Assam’s Karbi Anglong district on Wednesday.

The MoU was signed by the KAAC principal secretary Mukul Kumar Saikia and OIL executive director (basin manager-shelf) Dr Manas Kumar Sharma at the conference hall of KAAC in Karbi Anglong district headquarters Diphu.

The MoU is for two years and can be extended depending on the commitment of the two parties. The area of operation is 396 square km.

The KAAC was represented by the chief executive member (CEM) Tuliram Ronghang, MP Horensing Bey, MLAs Bidyasing Engleng, Dorsing Ronghang, Rupsing Teron, and executive members) EMs and members of the autonomous council.

“We have signed an MoU with OIL for undertaking exploration of hydrocarbons from the Dhansiri area. In areas where there is oil, the company will start excavation work within two to three days. When oil exploration works start, the KAAC will advertise about how much manpower is needed and how many jobs will be created,” CEM Ronghang told reporters after signing the MoU.

Ronghang said the private lands that will go in the oil excavation will be compensated. The OIL will credit the compensation money in the KAAC account, and KAAC will dispatch the compensation amount to the private landowners.

“The oil company will deposit revenue to the KAAC for the area of forest land taken for oil excavation. Other necessary taxes will also be given to the KAAC. The OIL has assured us today that the KAAC will be receiving monthly revenue of Rs 5 crore,” Ronghang said.

OIL executive director (basin manager, shelf) Dr Manas Kr. Sharma said during the recent past for excavation activities two locations have been identified, one at the Timung village and another from Dhansiri Reserve Forest.

“First location development has started, and I request the CEM to process formalities so that we can start the operation. Regarding the forest location, there is a long laid down process. I understand these are already taken care of by the forest department. I request the KAAC members to help us out so that the process can be expedited,” Dr Sharma said.

“We have a strict timeline on this. So accordingly, we would like to complete it within the stipulated time. He also said if the exploration is successful, which we are very hopeful then certainly we will bring lots of development to Karbi Anglong,” Dr Sharma said.

Dr Sharma also informed that the oil drilling process can start if the KAAC completes formalities. The OIL is also waiting for approval from the forest department, he added.

Trending Stories

Latest Stories

Leave a comment

Leave a comment Cancel reply