ONGC will explore oil and natural gas in an area of 2,118.83 SQ KM at Bikaner, for which the company has been allocated a block for three years. Rajasthan Additional Chief Secretary (Mines and Petroleum) Subodh Agarwal said licence has been issued on recommendation of the Union Petroleum and Natural Gas Ministry.
He added that Oil and Natural Gas Corporation (ONGC) will invest about Rs 74 crore in a phase manner on the discovery of crude oil and natural gas in this area. It will provide direct employment to 150-200 people and indirect employment to 500-700 people.
Agarwal also said the state will get revenue at the rate of 12.5% on the production of crude oil and 10% on the production of natural gas. ONGC is already exploring and mining in the Jaisalmer basin.
The Chief Secretary held a review meeting with ONGC officials at the secretariat and discussed matters related with exploration and production.
