Current Affairs

Cabinet approves survey of Sedimentary Basins of India

The Cabinet Committee on Economic Affairs gave its approval for a significant project to acquire 48,243 Line Kilometer (LKM) 2D seismic data for appraisal of Indian sedimentary basins.
A very limited data is limited data is available about these basins

Cabinet approves survey of Sedimentary Basins of India

Background of the project

  • India has 26 sedimentary basins that cover an area of 3.14 Million Sq Km spread over onland, shallow water and deep water. 
  • No adequate geo-scientific data about area of 1.502 Million Sq. Km is available. 
  • Thus, as a base to launch future Exploration and Production (E&P) activities, appraisal of all unappraised areas has been considered an important task. 
  • 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. 

Highlights of the project

  • It will helps in giving the initial insight into the basins and helps in planning the future E&P activities. 
  • It will be useful in deciding the focus areas of the exploration activities in the country and on the basis of this primary data
  • E&P companies would take up further exploration activities in the acreages allocated to them. 
  • The project will help in increasing the investments in domestic production of oil and gas. 
  • The project will be implemented by NOCs, i.e. Oil India Limited (OIL) and Oil and Natural Gas Corporation (ONGC). 
  • OIL will conduct survey in North - Eastern States while remaining area will be covered by ONGC. Survey work will be carried out in 24 States. 
  • Entire project is likely to be completed by 2019-20. 
  • Directorate General of Hydrocarbons is monitoring the project and reviewing the progress on monthly basis. 
  • After the appraisal of these basins, and based on the prospectivity of the area, blocks will be offered for further exploration & production activities which will further generate employment. 
Cabinet approves survey of Sedimentary Basins of India Cabinet approves survey of Sedimentary Basins of India Reviewed by insiya yadav on September 13, 2017 Rating: 5

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