220 Cr allotted for Seismic Survey Campaign in Mahanadi Basin in Odisha

Nov 20: Shri Dharmendra Pradhan, Hon’ble Minister of Petroleum & Natural Gas and Steel, inaugurated the seismic survey campaign of Oil India Limited (OIL), India’s second-largest National Exploration & Production Company, at Kakatpur in Puri District, Odisha in the Mahanadi Basin (Onland).

Speaking on the occasion, Minister Pradhan said, “It is a matter of great personal pride for me. OALP is not a mere policy anymore but is something that is translating into reality on the ground. Activities under OALP are gaining steam and garnering immense interest from the industry. We recently signed a contract for E&P blocks awarded under OALP bid round-V. Today’s inauguration is an important chapter in the activities around OALP. This will be a major milestone in establishing Mahanadi as a hub of E&P operations and building hydrocarbon reserves in line with PM Modi’s vision of Aatmanirbhar Bharat. Commercial production of oil and gas from the Mahanadi basin will be a game-changer in the socio-economic development of Odisha.”