Bihar chief minister Nitish Kumar inaugurated a Rs. 150 crore land survey and oil exploration campaign of the Oil and Natural Gas Corporation here on Saturday.
The ONGC has planned extensive survey and exploration in 2537 square kilometre block covering parts of Purnia, Araria, Kishanganj and Katihar districts bordering West Bengal under which it will drill three wells and invest Rs. 150 crore till 2015.
Later, addressing a gathering at the Indira Gandhi stadium here Kumar expressed the hope that considerably large reserves of oil and natural gas would be found in the block situated in the gangetic basin.
The chief minister said his hope stemmed from the presence of Gondwana rocks under the soil in the region as wherever these rocks have been found, including in Assam, oil reserves have been struck.
Addressing the function, ONGC chief general manager A.K. Biswas lauded the Bihar government for giving a licence to it for starting the exploration within three months of submission of application.
Biswas said that the ONGC believed that the exploration campaign would unlock the hydrocarbon potential of the Purnia gangetic basin.
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