Which oil company has got environmental clearance for project in Krishna-Godavari basin?
GAIL; गेल
ONGC; ओएनजीसी
Cairn India; केयर्न इंडिया
Essar Oil; एस्सार आयल
Oil India; आयल इंडिया
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Answer:
Oil and Natural Gas Corporation Limited (ONGC) has got environmental clearance for project in Krishna-Godavari basin in 2016.
Explanation:
In the last week of January 2016 State-owned Oil and Natural Gas Corporation (ONGC) has received environmental clearance for drilling five wells at an estimated cost of Rs 217 crore to explore shale gas and oil in the KG basin of Andhra Pradesh.
It was expected that drilling in this block will produce 51.33 billion cubic meters of gas over a period of 16 years and 26.71 million cubic meters of oil in 12 years.
ONGC project has been allowed to drill 45 development wells and other related infrastructure will cost Rs. 53,000 crore at offshore KG-DWN-98/2 block.
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