In a release, he added that Oil and Natural Gas Corporation (ONGC) will invest about Rs 74 crore in a phase manner on the discovery of crude oil and natural gas in this area. It will provide direct employment to 150-200 people and indirect employment to 500-700 people, he said.
Agarwal also said the state will get revenue at the rate of 12.5 per cent on the production of crude oil and 10 per cent on the production of natural gas.
He said ONGC is already exploring and mining in the Jaisalmer basin.
Agarwal held a review meeting with ONGC officials at secretariat here and discussed the matters related with exploration and production on Thursday.
Officials from ONGC and the state government were present at the meeting.