Andhra Pradesh offers Single Window Service to ONGC operations

Sarkaritel
By Sarkaritel January 30, 2017 09:56

Andhra Pradesh offers Single Window Service to ONGC operations


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The Government of Andhra Pradesh and ONGC signed a Memorandum of Understanding (MoU) on 27 January, 2017 to take forward all critical Oil and Gas Exploration and Production activities of the Maharatna PSU in the state.

The sunrise state of Andhra Pradesh along with its large coastline has some of the most promising hydrocarbon bearing fields. ONGC already has ongoing operational activities through its regional bases at Rajahmundry and Kakinada and engaged in widespread Exploration and production activities.

ONGC is also very aggressively 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, at the sidelines of Partnership Summit 2017 being held jointly by Andhra Pradesh Government and CII, in august presence of Chief Minister Mr. N. Chandrababu Naidu and Union Minister of State (I/C) Petroleum and Natural Gas Mr. Dharmendra Pradhan. ONGC CMD Mr. Dinesh K Sarraf was also present at this occasion.

Sarkaritel
By Sarkaritel January 30, 2017 09:56