ONGC said in a social media post on Tuesday that the two companies signed a memorandum of understanding (MoU) paving the way for early monetisation of the Jantapathar gas field in the Upper Assam Shelf South block, in the Assam & Assam Arakan basin.

“The MoU will enable ONGC and Vedanta to jointly decide on gas evacuation from the discovery well JP-1Z that couldn’t be put on production earlier, due to non-availability of surface facilities as well as gas sales market in the area,” ONGC said.

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