More Stories

Informist, Thursday, Sept. 25, 2025

 

Please click here to read all liners published on this story

--Source: Andhra govt grants petroleum mining lease to ONGC in KG Basin
--Source: Andhra's OK to ONGC KG Basin lease is for onshore well development
--Source: Andhra grants petroleum mining lease to ONGC in Mandapeta 1B block
--Source: Andhra grants petroleum mining lease to ONGC in Manepalli 1B block
--Source: ONGC gets lease rights for 30 sq km onshore oil, gas fields in KG Basin
--Source: ONGC gets up to 16-yr lease rights on two 1B fields in KG Basin
 

 

By Narayana Krishna

 

HYDERABAD – The Andhra Pradesh government has granted a petroleum mining lease on nomination basis to Oil and Natural Gas Corp. of India to develop onshore wells in two 1B-KG Basin-land blocks, a source told Informist. The state-owned oil and gas exploration company got lease rights for 30 square kilometres in onshore Mandapeta 1B block and Manepalli 1B block, according to documents reviewed by Informist.

 

Being granted a petroleum mining lease for onshore fields, known as PML blocks, means that ONGC can now begin commercial development and production of oil and gas from the allocated block or field in the specified area. Based on recommendations by the Ministry of Petroleum and Natural Gas, the Andhra Pradesh government issued the order Monday. The order granted rights for up to 16 years for 10 square kilometres in Manepalli 1B block and 20 square kilometres in Mandapeta 1B block, both in Dr. B.R. Ambedkar Konaseema district of Andhra Pradesh, the source said. The PML rights were valid till the end of 2040.

 

Despite getting the lease rights from the state government, ONGC has to go through the regulatory process to begin the commercial development of the wells, including getting clearance from the Ministry of Environment, Forest and Climate Change, and local authorities, the source said.

 

ONGC had submitted its application with the Andhra Pradesh government in June, seeking the grant of lease for these blocks, the source said.

 

According to the ONGC 2024-25 (Apr-Mar) annual report, the public sector energy major has PML rights in KG Basis spanning 4,837 square kilometres. The company recently submitted its well development plans with the environment ministry to begin work at 172 onshore wells with an estimated investment of INR 81 billion. In FY25, ONGC drilled 578 wells, the highest in the last 35 years, indicating that the company is expediting its well development plans to increase oil and gas production in the KG Basin.

 

At 1421 IST, shares of ONGC traded at INR 239.31 on the National Stock Exchange, up 0.3% from its previous close.  End

 

US$1 = INR 88.70

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.