Survey of Un-Appraised Sedimentary Basins of India Approved (Important) (Download PDF)

()

Download PDF of This Page (Size: 361.98 K)

The Cabinet Committee on Economic Affairs approved significant project to acquire 48, 243 Line Kilometer (LKM) 2D seismic data for appraisal of Indian sedimentary basins where limited data is available at an estimated cost of Rs. 2932.99 crore spread over five years.

Map of Sedimentary Basins of India

Map of Sedimentary Basins of India

Map of Sedimentary Basins of India

  • Survey work will be carried out in 24 States and project will increase the investments in domestic production of oil and gas.

  • Jointly implemented by NOCs- Oil India Limited (OIL) and Oil and Natural Gas Corporation (ONGC). OIL to conduct survey in North - Eastern States while remaining area will be covered by ONGC by 2019 - 20.

  • Directorate General of Hydrocarbons will monitor the project and review progress.

Importance of Sedimentary Basins and Survey
Image of Un-appraised Sedimentary Basins of India

Image of Un-appraised Sedimentary Basins of India

Image of Un-appraised Sedimentary Basins of India

  • India has 26 sedimentary basins covering an area of 3.14 Million sq. km spread on land, shallow water and deep water.

  • Area of 1.502 million sq. km i. e. 48 % of total sedimentary basin does not have adequate geo-scientific data which prevents future exploration and production (E&P) activities

  • The preparatory work started in 2015 - 16 and actual survey work started in 2016 - 17 and more than 9100 LKM 2D seismic data has been acquired till July, 2017.

  • Data acquisition gives initial insight into the basins to plan future E&P activities- for deciding focus of the exploration activities

  • Based on this primary data, E&P companies take up exploration activities in the allocated acreages.

Employment Generation

  • Project involves large number of workers at local level- generate direct as well as indirect employment for about 11, 000 people as skilled and unskilled workers and suppliers for support services.

  • After appraisal, based on the prospectively of the area, blocks will be offered for further exploration & production activities generating more employment.

- Published/Last Modified on: October 6, 2017

Policy/Governance

Monthy-updated, fully-solved, large current affairs-2019 question bank(more than 2000 problems): Quickly cover most-important current-affairs questions with pointwise explanations especially designed for IAS, NTA-NET, Bank-PO and other competetive exams.