+
ONGC To Invest Rs 46 Billion In Andhra Oil And Gas Project
OIL & GAS

ONGC To Invest Rs 46 Billion In Andhra Oil And Gas Project

Oil and Natural Gas Corporation (ONGC) will invest Rs 46.06 billion in a large oil and gas project in Konaseema district, Andhra Pradesh.

The plan includes drilling 10 development wells, constructing two unmanned platforms, laying an offshore pipeline, and building an onshore gas processing facility at the Odalarevu Terminal. The project is part of the DSF-III contract areas KG/OSDSF/CHANDRIKA/2021 (697 sq km) and KG/OSDSF/GS49/2021 (148 sq km), awarded in September 2022.

The Environmental Management Plan (EMP) carries a capital cost of Rs 140 million and an annual recurring cost of Rs 30 million, with an additional Rs 140 million allocated under Corporate Environment Responsibility for Extended EMP.

ONGC has sought fresh environmental clearance from the Ministry of Environment and Forests, according to minutes from the Expert Appraisal Committee (EAC) meeting held on 24 July. The project requires 26.3 hectares at the Odalarevu Terminal, with 8.7 hectares—33 per cent of the total area—set aside for a greenbelt.

The project is expected to generate 150 direct jobs and 310 indirect employment opportunities. The EAC has asked for further inputs, including a biodiversity assessment and an environmental restoration plan with a dedicated budget to mitigate drilling impacts.


 


Oil and Natural Gas Corporation (ONGC) will invest Rs 46.06 billion in a large oil and gas project in Konaseema district, Andhra Pradesh.The plan includes drilling 10 development wells, constructing two unmanned platforms, laying an offshore pipeline, and building an onshore gas processing facility at the Odalarevu Terminal. The project is part of the DSF-III contract areas KG/OSDSF/CHANDRIKA/2021 (697 sq km) and KG/OSDSF/GS49/2021 (148 sq km), awarded in September 2022.The Environmental Management Plan (EMP) carries a capital cost of Rs 140 million and an annual recurring cost of Rs 30 million, with an additional Rs 140 million allocated under Corporate Environment Responsibility for Extended EMP.ONGC has sought fresh environmental clearance from the Ministry of Environment and Forests, according to minutes from the Expert Appraisal Committee (EAC) meeting held on 24 July. The project requires 26.3 hectares at the Odalarevu Terminal, with 8.7 hectares—33 per cent of the total area—set aside for a greenbelt.The project is expected to generate 150 direct jobs and 310 indirect employment opportunities. The EAC has asked for further inputs, including a biodiversity assessment and an environmental restoration plan with a dedicated budget to mitigate drilling impacts. 

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code