Oil & Natural Gas Corporation Ltd.

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ONGC gets environment clearance for exploratory drilling in KG basin

Date: 27-06-2017

Oil and Natural Gas Corporation (ONGC) has received environmental clearance for drilling five wells to explore shale gas and oil in the Krishna-Godavari (KG) basin of Andhra Pradesh at an estimated cost of Rs 217 crore.

The company has been operating in the KG basin for the past more than 35 years. The exploratory efforts so far have led to the discovery of 65 small-to-medium sized hydrocarbon fields with about 356 million tonnes (oil and oil equivalent gas) of initial in-place on-land reserves.

Oil and Natural Gas Corporation (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.