HOME   
   NEWS   
   BUSINESS   
   CRICKET   
   SPORTS   
   MOVIES   
   NET GUIDE   
   SHOPPING   
   BLOGS  
   ASTROLOGY  
   MATCHMAKER  


Search:



The Web

Rediff








Business
Portfolio Tracker
Business News
Specials
Columns
Market Report
Mutual Funds
Interviews
Tutorials
Message Board
Stock Talk



Home > Business > Business Headline > Report

Huge gas, oil reserves discovered in Rajasthan

January 31, 2003 17:07 IST

Huge oil and gas reserves have been discovered in four districts of Rajasthan, bordering Pakistan, the state government announced on Friday.

Essar with Polish Oil and Gas company is drilling digging wells in the Nanuwala area of Sriganganagar district, while the Oil India Limited has entered into an agreement with a Venezuelen company to exploit the 14.6 million tonne oil and 33.2 million tonne bitumen reserves it discovered near Bagewala in Jaisalmer district.

Phoenic Overseas has been allotted a block in the Shahgarh area of Jaisalmer district, an official press note stated. The ONGC and Indian Oil have have also discovered huge reserves of gas in 57 wells in the Jaisalmer Basin.

Lignite reserves of nearly ten billion tonnes discovered at depths of 200-500 metres in Barmer and Bikaner districts could be used in energy production, it stated.

Shell Energy/Cairns will soon start digging three wells in Barmer district, where they discovered a huge quantity of aviation fuel near Gudha Malani and Koslu. Koslu itself contains nearly 20-40 million barrels of oil reserves, the press note added.

UNI



Article Tools

Email this Article

Printer-Friendly Format

Letter to the Editor




People Who Read This Also Read


New tariffs to hit Internet growth

Rs 1.5 bn for general insurace

Rs 700-800 cr from MUL IPO likely







HOME   
   NEWS   
   BUSINESS   
   CRICKET   
   SPORTS   
   MOVIES   
   NET GUIDE   
   SHOPPING   
   BLOGS  
   ASTROLOGY  
   MATCHMAKER  
© 2003 rediff.com India Limited. All Rights Reserved.