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Oil India Limited (OIL) has invited offers for enhancing production on revenue sharing basis from two of its marginal fields. The company is seeking partners for enhancement of production from Digboi field in Assam and Baggitibba field in Rajasthan.
OIL has published a Notice Inviting Offer (NIO) seeking to boost production through induction of new and appropriate technology. The total in place hydrocarbon volume of the two fields is around 49 million tonne of oil equivalent. “The offer would provide an opportunity to oil & gas service providers and operators to partner with OIL on a revenue sharing model. However, the Petroleum Mining Lease and Ownership of the fields will remain with OIL. The new technology partner will infuse new & appropriate fit for purpose technology to increase the production,” an OIL statement said.
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