Oil India lost 46,786 MT of Crude Oil and 124.15 MMSCM of Natural Gas since Baghjan Blowout

The loss has been due to blockades around Baghjan area since May 27, 2020 due to the Blowout. The company has been trying to bring gas well under control.

Nov 06, 2020 02:11 IST India Infoline News Service

Oil India Limited has said that a total of 46,786 Metric Tonnes of Crude Oil and 124.15 Million Metric St. Cubic Meter of Natural Gas have been lost respectively till date as a result of protests, blockades and bandhs in and around Baghjan area since May 27, 2020, due to the Blowout.

The site in Assam had suffered a blowout on May 27, 2020, leading to protests and agitation in the area. Since then efforts have been on to fix the gas well.

On Thursday, Oil India said, the snubbing unit which has been brought from Calgary, Canada reached Baghjan well site on November 04, 2020, evening.

The company said, with all equipment and accessories related to snubbing operation in place at the site, arrangement for placing snubbing unit is in progress. It is expected that after completion of all necessary pre-operation activities, the well killing operation by the snubbing unit will commence within the next couple of days.

Meanwhile, the flow of gas from the well to nearby Early Production Setup (EPS) at Baghjan is being maintained with all operating parameters within desired level and safety measures in place.

Regarding relief and compensation, the company said, “While, the final assessment report of the impacted families which has been carried out by the office of Deputy Commissioner, Tinsukia and directive of Honourable NGT are yet to be received, OIL on the basis of the interim recommendations of the Hon'ble NGT and discussions with DC, Tinsukia has till date released an amount of Rs36.90cr as compensation to the impacted people.

This includes an interim relief of Rs10.93cr to 3000 families who had stayed in relief camps. Moreover, an amount of Rs25 lakh was paid to each of the 12 families whose houses have suffered the most due to the fire on June 9, 2020, and Rs10 lakhs to 57 families whose houses were also damaged during the fire.”

It said 561 families whose houses or whose standing crops and horticulture have been partially damaged received Rs2.5 lakhs each. OIL has deposited all the compensation and relief amounts as mandated by the government/statutory authorities. Moreover as discussed with DC, Tinsukia, OIL has agreed to release an amount of Rs50,000.00 to 1289 families every month to take care of their living expenses till the well is brought under control.

At around 1.24 pm, Oil India was trading at Rs86.20 per piece up by Rs0.5 or 0.58% from its previous closing of Rs85.70 per piece on the BSE.

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