Government of India, through its Ministry of Petroleum and Natural Gas, granted license to Jubiliant Oil and Gas Private Limited, a company based in Netherlands, for exploration and drilling works in two oil blocks in Manipur. The state has been known in fact as the 'golden land'; the richest areas are located in the Jiribam (Imphal East), Tamenglong, and Churachandpur districts of Manipur. The contracts were awarded under the eighth round of New Exploration Licensing Policy (NELP) of the Government of India. The Production Sharing Contract (PSC) for the Manipur oil Block I, codenamed AA-ONN-2009/1, and the Petroleum Exploration License (PEL), was granted by the Manipur Government on 23rd September, 2010 . The total oil potential in Manipur is nearly 5 Trillion Cubic Feet altogether in the Abin, Kharkhublien, Taithu, Sialman, Laimata, Oinamlong anticlines in the two oil blocks of Manipur. After the getting the contract Jubiliant Energy plans to drill from 30 oil wells in Manipur .