The oil reserve could be even more and, if tapped, the state would witness an economic boom to the extent of earning a sobriquet of Kuwait of the Northeast India, the geologist said.
Meanwhile, Mizoram chief minister Lal Thanhawla while having an interaction recently with the Director, Oil India Limited B.N Talukdar had expressed his government is all out to co-operate in the exploration of oil in Mizoram.
The Mizoram chief minister is of the opinion for the speedy execution of works by oil companies to explore and utilize the same for the development and bring revenue to the state. Many oil companies have found out that Mizoram has huge oil deposits and exploration is also being carried out in some places in Mizoram.
Lal Thanhawla also informed Talukdar that his government is always ready to work with the oil company in their bid to explore and drill the hydrocarbons reserves.
BN Talukdar apprised Lalthanhawla that exploration had already been done in Saitual and Thenzawl and for production of gas Oil Company also installed machine and other necessary equipments.