Petroleum Reserves found in Bihar

Few days earlier a huge Gold reserve was found in Bihar in the Jamui district. Now, there are reports of the existence of petroleum reserves in the state. Its main points are discussed below:

  1. Petroleum reserves are found in the ditricts of Buxar and Samastipur in Bihar.
  2. The reserve is found in the Ganga river basin in the designated and adjoining areas.
  3. In the Ganga river basin it is expected to have a petroleum reserve in 302.57 sq. Km. in the area.
  4. Government of Bihar has permitted the exploration of oil to ONGC (Oil and Natural Gas Corporation).
  5. The Government of India has asked the permission from the state and indicated the possibility of the same.
  6. ONGC has also sent a letter to Buxar district administration.
  7. The possibility of getting valuable items in the ground of the state with abundance of sand and flood is getting stronger.
  8. If the exploration becomes successful and the oil reserve is found as per expectations, then the fate of the region and the state can be overturned.
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