Oil and Natural Gas Corporation Ltd. plans to invest Rs 2,150 crore in drilling 53 exploratory wells in Andhra Pradesh, 50 of which will be in the Godavari on-Land PML (Petroleum Mining Lease) Block of KG Basin and three of which will be in the CD-ONHP-2020/1 (OALP-Vi) Block of Cuddapah Basin.
In a meeting last month, the Andhra Pradesh State-Level Environment Impact Assessment Authority (SEIAA) approved two different environmental clearance requests made by the ONGC.
According to ONGC, it proposes to carry out the onshore exploration of 50 wells during 2021-’28 in Godavari on-land PML block of KG basin in East and West Godavari Districts of AP based on the geological and geophysical studies.
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, it further said.
