ONGC Ltd is planning to develop 45 drilling wells at a block in Krishna-Godavari basin at an estimated cost of Rs over Rs 16,000 crore, according to reports.
Report stated that the company has approached the Ministry of Environment and Forests seeking clearance for preparing terms of References.
ONGC will begin production in 2019, with a peak output of 4.5 million tonnes a year.
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