Question: Recently, 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 where limited data is available. The survey work will be carried out in how many States?
(a) 20
(b) 22
(c) 24
(d) 26
Answer- (c)
Related facts:
- On Sepetember 12th, 2017, the Cabinet Committee on Economic Affairs chaired by the Prime Minister, Narendra Modi, gave its approval for a significant project to acquire 48,243 Line Kilometer (LKM) 2D seismic data for appraisal of Indian sedimentary basins where limited data is available.
- Survey work will be carried out in 24 States.
- 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.
- The project will help in increasing the investments in domestic production of oil and gas.
- Total estimated cost of the entire project is Rs. 2932.99 crore spread over five years.
- Entire project is likely to be completed by 2019-20.
- nitially National Oil Companies (NOCs) are meeting the fund requirement from their own sources, which will be reimbursed by the Government.
- Directorate General of Hydrocarbons is monitoring the project and reviewing the progress on monthly basis.
- India has 26 sedimentary basins covering an area of 3.14 Million Sq Km spread over onland, shallow water and deep water.
- An area of about 1.502 Million Sq. Km i.e. 48% of total sedimentary basin area does not have adequate geo-scientific data.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=170710
http://pib.nic.in/newsite/PrintHindiRelease.aspx?relid=67074