ONGC to establish drill well in Bihar for oil and gas

Oil and Natural Gas Corp (ONGC) plans to establish a drilling well in Bihar this year, in the field of oil and gas.

ONGC to establish drill well in Bihar for oil and gas

Oil and Natural Gas Corp (ONGC) plans to establish a drilling well in Bihar this year, in the field of oil and gas.  The company has acquired 3D seismic data for 300 sq. km for its block in Samastipur, Bihar, and is set to drill two exploratory wells.

The first drilling is supposed to be carried out this year and might cost around Rs 30 to 35 crore. This may explore the entire basin for future exploration, stretching from Bihar to Uttar Pradesh and Punjab. In addition to this, the oil and gas producer also plans to drill an exploratory well in another block in the Ganga basin in Ballia, Uttar Pradesh. As part of this, ONGC like other firms has to directly deal with land owners to acquire land for the activity. 

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 According to sources, Data from the first well's drilling will aid the company's plans for the rest of the exploration block, including drilling of the second well.  The recent provisional data shows both blocks in Samastipur and Ballia were obtained in the fourth Open Acreage Licensing Policy (OALP) respectively, a few years ago.

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