ONGC to drill 17 exploratory wells for shale gas, oil
State-owned ONGC Limited is planning to explore as many as 17 shale gas and oil wells in both east and west coasts with an investment of around Rs.700 crore. According to the minutes of a recent meeting of the Expert Appraisal Committee (EAC) of Ministry of Environment and Forests, the PSU sought the ministry’s nod to prepare Terms of Reference for exploring the wells. A senior official of the PSU said this is the first time that the oil and gas company has taken up shale gas exploration in such a big scale. Also, it is first time that it has taken up shale gas exploration in the Krishna-Godavari basin. According to the minutes, ONGC sought permission for drilling 11 exploratory wells for shale oil and shale gas in Cambay basin at Mehsana, Ahmedabad and Bharuch districts of Gujarat, one well in Cauvery basin at Nagapattinam in Tamil Nadu and five wells in KG Basin at East and West Godavari districts of Andhra Pradesh.