(TH)
Oil and Natural Gas Corporation (ONGC) executive director (Rajahmundry Asset) Amit Narayan said the corporation paid ₹2,000 crore as royalty and tax to the Andhra Pradesh government over the past five years. In 2023-24 alone, it paid ₹305.62 crore, including ₹133.34 crore in royalty, to the State government.
The public sector unit produced 337 million standard cubic metres of gas and 0.103 MMT of oil from the Krishna-Godavari (KG) basin in the current fiscal year.
Speaking to media persons at a press conference here, Mr. Amit Narayan said everything had been set to increase the daily gas production from 625 tonnes per day (TPD) to 800 TPD on the KG basin in the coming days.
He said they had laid 53 km pipelines by replacing old ones by the end of 2022. They will also lay a 50-km reinforced thermoplastic pipeline (RTP) to withstand any eventuality based on the outcome of a pilot project.
License to private agencies
The Ministry of Petroleum and Natural Gas has handed over 19 oil-and-natural-gas fields on the KG basin to eight private operators through the discovered small fields policy (DSFP). All these 19 small fields had been discovered by the ONGC, said Mr. Amit Narayan.
On the operations on the basin, he announced that the production of oil and natural gas would be sped up on the Nagayalanka and Malleswaram fields.
