Oil India has signed an agreement with GT, which would carry out the '3D seismic survey' to locate hydrocarbon deposits in Rajasthan, particularly in the Bikaner-Nagaur region, Oil India Director (Operation) N M Borah told reporters at a Ficci seminar here.
In the initial phase, Oil India would invest about Rs 80- 100 crore in the project, which is likely to be completed in a year. "The investment may be increased further in the second phase," Borah said.
The project would be operated on an area of about 1,600 sq km in Bikaner-Nagaur and would help strengthen India-Poland relation in the hydrocarbon sector, Borah added.
The Polish firm Geofizyka Torun is a provider of integrated geophysical services to the petroleum and exploration industry.
Deputy Economy Minister of Poland Adam Szejnfeld is leading a business delegation to India to discuss investment opportunities in sectors of energy, oil, gas and dairy.
Trade between the two countries during 2006-07 was $ 560 million.
