February 27, 2017 / 1:16 PM / 9 months ago

BRIEF-Assam Company India gets ownership of Amguri oil field

Feb 27 (Reuters) - Assam Company India Ltd

* Co declared owner of 60 percent of participating interest currently held by India government and thus has now become owner of Amguri field

* Says production sharing contract period shall be extended by 5 years from the original term

* Sum of US$3.54 million is granted to co as damages/compensation along with interest at 6 percent p.a.

* Says cost of arbitral proceedings of INR 12.5 million shall also accrue to ACIL Source text: (bit.ly/2l3oDzq) Further company coverage:

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