Assam Company India Ltd. announced that the Government of India has appointed the company as sole operator of Amguri oil and gas field, which comprises high quality reserve of crude oil. The company is now set to commence production from Assam-based field that is also believed to have reserve of rich gas with properties of LPG and oil condensate. Meanwhile, the company is also discussing with the government the transfer of 60% participation interest in its favor as per the Production Sharing Contract (PSC).

Assam company believes that the government will accord its consent on the transfer, thereby facilitating the company to become owner of 100% participating interest in this field.