Overview

• Chief Minister Himanta Biswa Sarma confirmed on July 16 that Oil India Limited discovered hydrocarbons in the Namrup Borhat-1 well in Dibrugarh district
• The Government of Assam holds a significant equity stake in the well, marking the first time a state government in India will directly produce oil
• Officials say the discovery will generate new revenue and royalty streams for Assam through its stake in the project
• Authorities project the find will strengthen India’s energy security by increasing domestic hydrocarbon supply
• Assam already accounts for about 12% of the nation’s natural gas reserves and produces half of the country’s onshore natural gas output