ONGC gets Andhra Pradesh support for oil and gas exploration and production

Andhra government would extend support for land acquisition, right of user and other statutory clearances permissible

GN Bureau | February 2, 2017


#ONGC   #Andhra Pradesh   #oil production   #PSU  
Andhra Pradesh government and ONGC — a Maharatna PSU signed an agreement on January 27 to take forward all critical oil and gas exploration and production (E&P) activities to the state.
 
Andhra Pradesh with its large coastline has some of the most promising hydrocarbon bearing fields. ONGC has ongoing operational activities through its regional bases at Rajahmundry and Kakinada and engaged in widespread exploration and production activities.
 
ONGC is also rigorously pursuing to put the huge gas reserves it has discovered in KG basin, to production. It plans to invest about Rs 10,000 crores for E&P activities in Onland blocks and about Rs 68,000 crores in offshore assets in KG Basin.
 
The MoU was signed at Visakhapatnam, on the sidelines of Partnership Summit 2017 being held jointly by Andhra Pradesh government and CII.
According to the agreement, the state government would extend all assistance for the land acquisition / Right of User (ROU) and other statutory clearances permissible under existing laws as amended from time to time and would provide all necessary support for E&P activities.
 
As a key initiative and a boast to E&P operations Andhra Pradesh government would be offering a ‘Single Window Service’ through the office of commissioner of industries to facilitate smooth implementation of the projects by ONGC. ONGC on its part would undertake exploration, development and production activities in NELP and nomination PML blocks, situated Andhra Pradesh.
 

Comments

 

Other News

On a personal note: Javed Jaffrey

After his much-appreciated debut in Meri Jung in 1985, Javed Jaffrey inspired a new generation of dancers. He then turned from dance to comedy. The versatile actor constantly changes his styles and his live, film, TV and radio appearances always promise novelty and surprise. In 2014 he joined the Aam A

Allegations against CJI: Inquiry will strengthen the independence of the judiciary

Yes, we must stand rock solid with the judiciary and the judges. We must protect the independence of the judiciary too. What does this mean in the present context of a very serious charge of sexual harassment levelled by a former employee of the court against the CJI?  We are told that there is a larg

“Managing data is challenging”

The Centre for Railway Information Systems (CRIS) is a society set up by the railways ministry in July 1986 to provide IT related services to the Indian Railways. CRIS deals in a gamut of functions, like passenger ticketing, freight operations, train dispatching and control, crew management, e-procurement,

A boost to those who need it most

What are 600 million people? Almost twice the population of the US. What are 500 million people? About three-fourth of the population of Europe. Why are we talking about these numbers? Well, because as per a study by Sandhya Krishnan and Neeraj Hatekar (‘Rise of New Middle Class in India and Its

Expanding Eureka!

Abright yellow van with figures of children playing with a whirligig, a Newton’s cradle, a magnetic compass rolls into the Government Higher Primary School in Kittaganahalli, on the outskirts of Bengaluru. Students in the playground leave what they are doing and mill about it in excitement. For they

The spark in the classroom

Not many children dream of starting an idyllic school of their own when they grow up. But Ramji Raghavan, founder of the Agastya International Foundation – which fosters the creative learning of science in stude



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter