Oil and Natural Gas Corporation (ONGC) is planning to invest Rs 2,150 crore on drilling 53 exploratory wells in Andhra Pradesh. Out of 53 exploratory wells, 50 in Godavari on-Land PML (Petroleum Mining Lease) Block of KG Basin and 3 in CD-ONHP-2020/1 (OALP-Vi) Block of Cuddapah basin. Andhra Pradesh State-Level Environment Impact Assessment Authority (SEIAA) in a meeting held last month cleared two separate proposals put up by the ONGC for environmental clearance.
These wells will be converted to development wells and connected to the nearest Early Production System (EPS)/ Gas Collecting Station (GCS) if proved commercially viable. The proponent shall have the liability to pay compensation to the farmers and property holders in case of damages due to operation of wells.
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.
