ONGC to invest Rs 200 crore for exploration projects in Bihar

KISHANGANJ: The Oil and Natural Gas Corporation ( ONGC) will invest Rs 200 crore in two projects of oil and gas exploration in Bihar's Kishanganj district over the next three years.

This was announced by ONGC's Chief Engineer and Land Acquisition Officer D P Vishwas here today.

The company was finalizing an agreement to take six acres of land on lease in Gargaoin panchayat under Kochadhaman block and Korat Bangama panchayat under Bahadurganj block for the projects, he said.

The drilling for up to five km will be carried out from April to explore oil and natural gas resources in the identified areas, the ONGC official said, adding that the construction of roads upto drilling sites has commenced.