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

India to play leading role in global revival: Modi

India would play a leading role in the global revival, prime minister Narendra Modi said on Thursday, as he addressed the inaugural session of India Global week via video-conference. He said that this is closely linked with two factors. “First is - Indian talent and second is India`s

BMC spells out numbers to counter Fadnavis’ claims

The BrihanMumbai municipal corporation (BMC) has countered Maharashtra leader of opposition Devendra Fadanvis’s suspicions of fewer Covid-19 tests, as it outlined various measures it has adopted since the first test conducted on February 3, and how it has gradually brought down the number of cases in

Mumbai opts for “most liberal Covid-19 testing” in the world

As part of the four T strategy of trace-test-track-treat, Mumbai – the most affected city in India – has decided to make Covid-19 tests accessible to all. The municipal corporation of Greater Mumbai (MCGM) has come out with guidelines allowing all laboratories to conduct RT-PCR (

Exit the Dragon, Enter the Tiger

In a major development on July 6, the Chinese army started moving back its tents, vehicles as well as troops from locations where disengagement was agreed upon in eastern Ladakh’s Galwan Valley. This is a significant milestone in regional geopolitics with India having been successful in isolating the

Hiranandani Group launches ambitious data centre project

With the Covid-19 pandemic pushing more online activity and the capacity usage of data centres going up, India’s largest data centre (DC) building and the biggest tier-IV data centre, Yotta NM1,the  second largest in the world, has been launched in Mumbai. The launch event on Tue

Covid-19: India crosses 1 crore tests milestone

India has achieved a significant milestone as the number of Covid-19 tests conducted in the country so far has crossed the 1 crore milestone. This signifies the importance accorded to widespread testing and the focussed ‘Test, Trace, Treat’ strategy with several follow-up measures taken in tand



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter