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India to acquire seismic data of 48,000 line kms to boost oil, gas output

Reuters 

- aims to acquire seismic data of 48,243 line kilometres in five years as the world's third biggest consumer seeks to boost its output by offering more areas for exploration, the said on Tuesday.

State-run explorers Ltd and and Natural Gas Corp Ltd will carry out the 2D seismic in areas spread across 24 states.

The two companies will invest 29.33 billion rupees ($457.99 million) for this which will be reimbursed by the

"As a basis for launching future exploration and production activities, appraisal of all unappraised areas is an important task," the said in a statement.

will cover the north-eastern states, while the remaining areas will be surveyed by ONGC.

($1 = 64.0410 Indian rupees)

(Reporting by Mohi Narayan; Editing by Subhranshu Sahu)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, September 12 2017. 18:09 IST
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