The All Assam Students Union (AASU) has firmly opposed privatisation of ONGC’s Geleki field, amid strong indications that the Petroleum Ministry is keen to hand it over to Schlumberger.
ONGC sources told Northeast Now that Schlumberger, the world’s largest oilfield service company listed in Fortune Global 500 and working in 85 countries, is very keen to take over the Geleki oilfield through a Production Enhancement Contract (PEC).
Schlumberger emerged as the sole bidder in a tender floated by the ONGC to boost Geleki’s oil production.
Sources in the know of the negotiations say Schlumberger is projecting a 26-27 per cent decline in base production in next few years and has sought several deviations in tender norms for infusing technology to raise output over this base....
Photo - http://v.duta.us/iRgZ1gAA
Click here to read more— - http://v.duta.us/7FhX0AAA