Bihar and ONGC sign pact for petro exploration deal
Monday, 02 Nov 2009
Bihar Government and ONGC have signed an agreement to carry out exploration of petroleum and natural gas in 2,227 square kilometer area in West Champaran district.
As per report phase I exploration work is expected to begin by December 2009 with 2D seismic survey using latest seismic data recording system and then geochemical survey using advanced technology.
The surveys are likely to be supplemented with gravity magnetic and Magneto Telluric surveys in the coming years. The data generated by the surveys will be studied or interpreted on high-tech work stations with sophisticated software to pin point the prospective area in the block.
ONGC plans a major investment for carrying out the exploration and subsequent drilling a well up to a depth of 3,500 meters.
In early October 2009, the state cabinet had approved Petroleum Exploration License application of ONGC and TATA Petrodyne.
