India To Acquire Seismic Data Of 48,000 Line kms To Boost Oil, Gas Output


Sept 12 (Reuters) - India aims to acquire seismic data of 48,243 line kilometres in five years as the world's third biggest oil consumer seeks to boost its output by offering more areas for exploration, the government said on Tuesday.

State-run explorers Oil India Ltd and Oil and Natural Gas Corp Ltd will carry out the 2D seismic survey in areas spread across 24 states.

The two companies will invest 29.33 billion rupees ($457.99 million) for this which will be reimbursed by the government.

"As a basis for launching future exploration and production activities, appraisal of all unappraised areas is an important task," the government said in a statement.

Oil India will cover the north-eastern states, while the remaining areas will be surveyed by ONGC.

($1 = 64.0410 Indian rupees)

(Reporting by Mohi Narayan; Editing by Subhranshu Sahu)

Copyright 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Rail Geotechnical Engineer
Expertise: Geotechnical Engineer
Location: Nashville, TN
Operations Surveyor (Houston, TX)
Expertise: Geoscientist|Surveying
Location: Houston, TX
United States Houston: Engineer - Petrophysical Applications
Expertise: Petrophysicist
Location: Houston, TX
search for more jobs

Brent Crude Oil : $59.02/BBL 3.79%
Light Crude Oil : $52.22/BBL 3.07%
Natural Gas : $2.92/MMBtu 1.31%
Updated in last 24 hours