Calcutta, Dec. 8: ONGC chairman and managing director Subir Raha today reiterated that West Bengal might be sitting on a large deposit of oil.
“There is likely to be deposits in the Sunderbans area, 150 south-east of Ganga Sagar, and near a village about 10 km from Contai. ONGC will soon start drilling in both areas,” he said.
Drilling will start around April-May in the Ganga Sagar area, he added. ONGC’s 47th well in Contai is to go down in June-July.
There, of course, is not estimate available as to the amount of oil that could be available from the wells, each of which will be sunk at a cost of Rs 35-40 crore.