RNRL contract terminated for Mizoram

The contract with the Reliance Natural Resources Ltd (RNRL) for exploration of hydrocarbon deposits in southern parts of Mizoram has been terminated, Director of the state Geology and Mineral Resources H Lallenmawia today said.

The Director General of Hydro and Carbon, Ministry of Petroleum and Mineral Resources, terminated the contractual agreement with the RNRL due to a number of reasons, Lallenmawia said.

The main reason being failure to initiate any work by the NAFTGAZ (Ukraine), one of the three partners of the RNRL, assigned to explore south Mizoram for hydrocarbon deposits, he said.

"The company, which was awarded the contract in 2007, was yet to begin drilling and prepare estimates," sources in the Geology and Mineral Resources said, adding that the work would soon be globally re-tendered.

Mizoram is estimated to have 100 billion cubic deposits of gas.

Other firms like the ONGC and the OIL have taken up the exploration in earnest in different parts of the state, the sources said.

The OIL had done drilling in Keifang and Maubuang in Aizawl district and Thenzawl in Serchhip district while the ONGC had already discovered gas in Mizoram-Assam border Kolasib district's Meidum area, the sources added.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Amit Shah deserved to be crowned President of India, some say

    The Bharatiya Janata Party is now firmly in the hands of Modi’s alter ego, which in plain English means ‘another side of oneself, a second self’

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Necessary yet inadequate boost to education

The finance minister, in the very first minutes of his ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture