The work of drilling has already begun and require 25,000 liters of water daily. The project is expected to end by April 2025.
Oil and Natural Gas Corporation (ONGC) confirmed the presence of crude oil in Bolia after a three -month poll in the gang basin. According to the oil reserves, 3,000 meters on the ground owned by the Pandal Pandon family, a well -known freedom fighter, were found at a depth of 3,000 meters.
To continue drilling, Ongc for three years rented six and a half hectares from the Paddy family, paying an annual Rupee rent. The work of drilling has already begun and require 25,000 liters of water daily. The project is expected to be completed by April 2025. When the results are positive, Ongc plans to drill more wells in a 300-kilometer oil belt, which runs from Sagland in Bolia to Fofamau in Magaraj.
If oil reserves are commercially viable, Ongc can acquire more land at higher rates, benefiting local farmers. Neel Pandey, a descendant of Chita Pandi, confirmed the rental agreement for one year. Opening has the potential to enhance the region’s economy and Bolia as a key oil production zone.
As of April 2021, India estimated crude oil reserves of 587.335 million metric tons. The main regions producing oil include the western offshore zone, ASAM and Gujarat. Ongc, established in 1956, was at the forefront of India’s oil exploration with the main discoveries such as Mumbai yes, the largest oil field in the country.
In 2024, ONGC announced five new oil and gas discoveries, both on the shore and on the shore, as part of its plan to increase domestic production and decreased import dependence. Opening Ballia is a significant step in these efforts, emphasizing the unused energy resources of India.
