ONGC to explore oil, gas in Bikaner; block allocated for 3 years
State-owned ONGC will explore oil and natural gas in an area of 2,118.83 sq km at the Bikaner district of Rajasthan, 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 the recommendation of the Union petroleum and natural gas ministry.
In a release, 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, he said.
Agarwal also said the state will get revenue at the rate of 12.5 per cent on the production of crude oil and 10 per cent on the production of natural gas.
