The Oil and Natural Gas Corporation Limited (ONGC) is set to invest ₹8,110 crore in one of its largest onshore oil and gas exploration projects in Andhra Pradesh. The ambitious plan involves drilling 172 wells across eight Production Mining License (PML) blocks, following the recommendation for Environmental Clearance (EC) by the Ministry of Environment, Forest and Climate Change (MoEFCC).
A high-level committee under the MoEFCC granted its nod during a recent meeting, enabling ONGC to move forward with its development and production activities. The Expert Appraisal Committee (EAC), which reviewed the proposal, noted that the project would be implemented with strict adherence to environmental protection norms.
According to the EAC minutes, “The estimated project cost is ₹8,110 crore. Capital cost of the Environment Management Plan (EMP) would be ₹172 crore, and the recurring cost for EMP would be ₹91.16 crore per annum. Additionally, the industry proposes to allocate ₹11 crore for commitments made during the Public Hearing.”
