Karimnagar: The 2D seismic survey undertaken by the Oil and Natural Gas Corporation Limited (ONGC) to assess the presence of oil and gas reserves had started in March 2016 and is likely to be completed by December 2019. The task has been assigned to ONGC and Oil India Limited.
ONGC has been mandated by the Ministry of Petroleum and Natural Gas to acquire 40,835 Line km in on-land part of India to map the geographical areas which were not mapped so far. Out of these, 350 Line Km is in Telangana. Meanwhile, OIL has been assigned to undertake the 2D seismic acquisition, processing and interpretation in North East India to acquire 7,408 Line Km data. The data acquired in the process would help in identifying the prospective areas and to generate interest of bidders in Open Acreage Licensing Policy (OALP).
Therefore, this will be of help in deciding the focus areas of exploration activities in the country. On the basis of this primary data, Exploration and Production (E&P) companies would take up further exploration activities in the acreages awarded to them, sources said. It may be recalled that different agencies earlier had conducted a number of surveys in the Godavari river belt area which is mineral-rich. But, they failed to get any positive result.
Three decades ago, ONGC had carried out a study for oil and gas reserves. Its teams camped in this area for three years from 1986 to 1989 and carried out a survey. The Baroda-based company, Hindustan Oil Exploration Company Limited, had also conducted a study for oil deposits along Godavari river in Chennur, Mahadevpur, Eturunagaram, Badrachalam areas. They collected samples and sent to labs. However, they failed to find any reserve. Now, ONGC again started a survey to assess the presence of oil and gas reserves in this area.