ONGC Chairman Inaugurates Commercial Production From Nagayalanka-EPS


ONGC Chairman Inaugurates Commercial Production From Nagayalanka-EPS

Oil and Natural Gas Corporation Ltd chairman and managing director Shashi Sankar inaugurated commercial production of oil and gas from Nagayalanka EPS, Krishna district of Andhra Pradesh here on Tuesday.

Speaking on the occasion, he said the production would be doubled in KG basin by next year. He said the ONGC has been paying a royalty of Rs 352 crore to AP per year for carrying out onshore oil and gas exploration. He said that the ONGC going to spend Rs 35,000 crore this year for oil and gas exploration and production in the country. Read More

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