ONGC figures out how to golf course that houses oil wells in Gujarat

ONGC figures out how to golf course that houses oil wells in Gujarat

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The DIPAM recently called the branch of disinvestment, had in May 2019 proclaimed fairways and sports clubs claimed by focal open area ventures as non-center resources and needed them to monetize them.

State-claimed Oil and Natural Gas Corp (ONGC) has figured out how to spare its fairways in Ahmedabad and Vadodara after the division of disinvestment dropped a proposition to strip the organization of the ‘non-centre’ resources, sources told.

The DIPAM, past called the division of disinvestment had in May 2019 announced greens and sports clubs claimed by focal open area undertakings as non-centre resources and needed them to monetize them.

It recorded ONGC’s two greens in Ahmedabad and Vadodara as non-centre resources that should have been offered to private designers to fund-raise for the administration.

Be that as it may, the Ahmedabad green was in an oil-field and had oil wells.

Sources conscious of the advancement said DIPAM dropped the two fairways from its rundown half a month back after ONGC presented a defence of how selling them would mean likewise giving over creating oil wells to a private engineer.

Likewise, ONGC expressed that the fairways were ashore that it doesn’t claim.

The land is on a long rent from the neighbourhood city partnerships, and land that the organization doesn’t possess can’t be sold, they said.

The 9-opening Ahmedabad fairway sits in ONGC-worked 15.69 square km Motera oil-field. 2 of the 5 wells on Motera oil-field are housed in the fairway.

Motera produces 245 barrels of oil for each day and 16,000 cubic meters for every day of gas.

Sources said ONGC disclosed to DIPAM that the Ahmedabad green was a delivering, income creating resource that can’t be named a non-centre resource.

A year ago, DIPAM in an activity to evaluate land banks and other non-centre resources of government divisions just as focal PSUs distinguished two of ONGC’s fairways in Ahmedabad and Vadodara, as likewise a games club possessed by Bharat Petroleum Corp Ltd (BPCL) in Chembur, Mumbai.

Sources said the activity distinguished just properties with land potential in prime urban communities while forgetting about greens ONGC has in Ankleshwar in Gujarat and Rajahmundry in Andhra Pradesh.

It likewise didn’t organize the terrific fairway Oil India Ltd (OIL) has in Assam, and one ONGC has in the North-East.

While chiefs of the PSUs utilize the greens for playing the simple game and facilitating their colleagues, ONGC had fabricated the one in Ahmedabad after it struck oil in the city over twenty years back.

After the Motera field was found in Ahmedabad, ONGC was careful about infringement around the oil wells in a city that was forming into a megapolis. So it assembled a green around the wells to avert encroachers, they said.

Likewise, the Motera field lies in a selection obstruct that as indicated by rules can’t be auctioned off to untouchables.

DIPAM has now removed the two greens from its rundown; sources said including likewise BPCL is currently destined for privatization, and the new proprietor of the organization will choose the destiny of the club.


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