Amguri Oilfield Reborn: Oilmax Energy Strikes Black Gold in Assam

Oilmax Energy Private Limited, under the umbrella of Asian Energy Services Ltd., is set to rejuvenate the oil industry in Assam with a significant investment aimed at revitalizing the Amguri oilfield. Located in the Sivasagar district, this project represents a strategic move to enhance oil production capabilities within the region. With an investment of ₹50 crore, Oilmax Energy is focusing on reviving the previously dormant oilfield, signaling a robust commitment to leveraging the untapped potential of the Amguri block.

The project's primary objective is to breathe new life into the Amguri oilfield, which had ceased operations prior to Oilmax's intervention. Remarkably, within just two months of acquiring the field in 2021, Oilmax Energy successfully recommenced production activities. This rapid turnaround underscores the company's efficiency and the field's rich resource base. From producing zero barrels of oil equivalent per day (boe pd), the project has escalated production to 2,500 boe pd by September 2022, with anticipations to further increase to 2,850 boe pd in the current financial year.

While the project's success story is commendable, additional details regarding the exploration techniques used, the project's timeline for reaching the projected production targets, and the environmental measures being implemented would provide a more comprehensive understanding of its scope and sustainability. Furthermore, insights into Oilmax Energy's engagement with local communities and its contributions to regional development initiatives would highlight the company's commitment to social responsibility and environmental stewardship.

The revival of the Amguri oilfield by Oilmax Energy is a testament to the company's innovative approach and dedication to unlocking the potential of India's natural resources. As the project progresses, it stands as a beacon of economic growth, environmental responsibility, and community engagement, setting a precedent for future exploration and production activities in the region and beyond.

News by rahul Yelligettii