There are all the chances that after Barmer district, Banswara will be the next place to have an oil refinery. Satellite surveys have hinted towards the presence of crude oil in Banswara. Based on this, search for crude oil has already begun. If at all the signals prove to be positive, then Banswara will have a refinery very soon.

Oil and Natural Gas Corporation (ONGC) team has reached Banswara. The team has marked Semalda village as centre point and 2D surveys have started which will be complete in less than a week. As per ONGC PRO Rinku Rathore, the team is surveying Banswara and 15 states in Madhya Pradesh for which 2D cable lines are being spread in these areas. For 2 days, the cable will be spread upto a distance of 25 kms. This cable will take an X-Ray of underground area. Holes for the cable will go 100 to 130 feet deep.

The cables will provide underground data to the extent of 3000 metres. This data will be forwarded to Delhi for further investigation. After this, the investigation report will be sent to Dehradun and Baroda. As per Rathore, the process takes around 6 months. After getting reports, 3D process will begin. For this entire process, ONGC does not acquire land, instead takes it on lease from some farmer under administrative procedure and the farmer is paid for it.

Banswara has many important minerals present underground. Satellite survey hinted towards the presence of crude oil. ONGC team starts its survey only when satellite gives 50 percent possibility of existence of oil. Possibility of crude oil has given a lot hope to Banswara. If crude oil is found, it will help in increasing revenue and also provide employment to lots of people. Rathore also said that the survey procedure takes time, but once it is confirmed then Banswara will soon see its own refinery in the near future.