Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Steel, has inaugurated the seismic survey campaign of Oil India (OIL), India’s second largest National Exploration & Production Company, at Kakatpur in Puri District, Odisha in the Mahanadi Basin (Onland).
Government of India since 2014 has launched a number of policy reforms in hydrocarbon E&P sector, chief among them being Open Acreage Licensing Policy (OALP). The Government also is implementing the National Seismic Programme (NSP) for appraising unappraised areas of Indian sedimentary basins. Seismic data acquired under NSP in the state of Odisha led to offer of five blocks by DGH and OIL won all the five blocks for hydrocarbon exploration under OALP-II and III rounds.
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.
