In a bold move to expand its energy frontier, the Oil and Natural Gas Corporation (ONGC) is gearing up to penetrate the earth’s crust in Bihar. The energy giant has its eyes set on a promising block in Samastipur, armed with extensive 3D seismic data covering a vast 300 square kilometers.
This year marks the beginning of an ambitious drilling project, with two exploratory wells set to explore the subterranean mysteries. The first drilling operation carries a cost of Rs 30 to 35 crore, representing a strategic investment that has the potential to unlock the resources of a basin spanning Bihar, Uttar Pradesh, and even Punjab.
The pursuit of hydrocarbons extends further as ONGC endeavors to explore the Ballia block within the Ganga basin in Uttar Pradesh. This undertaking involves direct negotiations with landowners to secure the necessary acreage for exploration.
The success of the initial well will guide subsequent explorations within the block, including the journey of the second well into the depths. These blocks, situated in Samastipur and Ballia, were obtained through the fourth Open Acreage Licensing Policy (OALP) round a few years ago.
ONGC’s Land Acquisition Challenge
ONGC, a key player in India’s oil and gas sector, faces the challenge of land acquisition directly. Despite requiring a relatively small footprint of 130×130 or 150×150 meters, uniting numerous landowners poses a significant challenge.
Land ownership, often spanning generations, presents a complex puzzle of collective rights. The company has adjusted its approach, considering inclined or deviated wells to navigate this intricate landscape. With support from local authorities, ONGC is close to finalizing the acquisition of the remaining pieces of land.
