A committee under the Ministry of Environment, Forests and Climate Change has given the green signal to Cairn India for undertaking drilling works of 64 exploratory and appraisal wells in KG-OSN-2009/3 block in KG basin at Prakasam and Guntur districts of Andhra Pradesh.
Tag: KG Basin
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Oil PSUs plan major investments in Andhra Pradesh
Major oil public sector units are planning to invest over Rs 1.43 lakh crore in Andhra Pradesh in coming years which would create jobs for thousands of people in the state, according to Oil Minister Dharmendra Pradhan.
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ONGC seeks buyers for deep-water field in KG Basin
Oil and Natural Gas Corporation (ONGC) is seeking buyers for gas from a new deepwater field in the KG Basin, which will be the first to supply under the new policy that allows companies to charge a much higher rate for output from challenging fields.
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ONGC to invest $5 bln in KG Basin
State-run Oil and Natural Gas Corporation (ONGC) has unveiled a Rs.34,000 crore ($5 billion) long-delayed investment plan to develop its KG Basin fields. This will help boost ONGC's oil and gas output by a fifth in about four years.
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ONGC to invest $8.8 bn in KG basin
State-owned Oil and Natural Gas Corp (ONGC) plans to invest over USD 8.8 billion
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ONGC seeks BCGs help
ONGC has roped in Boston Consulting Group (BCG) to help keep tight control over timelines and costs for its KG Basin field. ONGC hopes that BCG´s ´stage-gate´ process, which divides project work into sequential elements with fixed responsibilities will help the company get KG-DWN-98/2 into production in quick time.
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Steel Exchange gets gas supply from ONGC
Steel Exchange India is learnt to be getting gas from the ONGC's isolated fields in the KG Basin under direct marketing. The upstream oil major is said to be supplying the gas at the rate of 10,000 standard cubic metre per day. The fist of these fields at Vygreswaram in East Godavari dist
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ONGC’s stake sale in KG block awaits govt nod
The sale of 26 per cent stake by Oil and Natural Gas Corporation (ONGC) in its KG Basin exploration block to a Japanese firm is awaiting the approval of the centr
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ONGC to speed up KG Basin work
The Oil and Natural Gas Corporation (ONGC) will accelerate work on a major oil and gas project in the Krishna Godavari basin by taking up works simultaneously with regard to exploration, development and seeking approvals from the government. ONGC has taken to production of both oil and gas from the KG Basin in a small way late in 2011.
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Many plans in this pipeline
The discovery of gas in the KG Basin has not only changed the nation’s energy vision, but its strategy to transport gas, the old new kid on the block, says Daya Kingston.