ONGC Plans to Drill 17 Wells for Shale Gas
State-owned ONGC is planning to explore as many as 17 shale gas and oil wells in both east and west coasts with an investment of around .₹ 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 the first time that it has taken up shale gas exploration in the KG basin.