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ONGC gets nod from EAC for development drilling of 72 wells

24 Sep 2018 Evaluate

Oil and Natural Gas Corporation (ONGC) has received approval from the Expert Appraisal Committee (EAC) under the Ministry of Environment, Forest and Climate Change for additional development drilling of 72 wells in the Krishna-Godavari basin. The project is related to the additional development drilling of 72 wells in East Godavari, West Godavari and Krishna districts of Andhra Pradesh with an investment outlay of Rs 792 crore.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.


Peers
Company Name CMP
ONGC 222.00
Oil India 451.95
Jindal Drilling&Inds 600.70
Deep Industries 797.00
Asian Energy Service 469.00
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