KG Basin: ONGC plans investment worth Rs 4,600 crore
Government-owned ONGC plans to invest over Rs 4,600 crore in Andhra Pradesh's Konaseema District. The investment would go into drilling 10 development wells, setting up two unmanned platforms, laying an offshore pipeline, and establishing an onshore gas processing facility.
The project requires environmental clearance, with the Expert Appraisal Committee (EAC), requesting a biodiversity assessment and restoration plan.
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