Vedanta Ltd gets NOC from Andhra govt to drill 20 onshore oil, gas wells - The Economic Times
Vedanta Ltd has received a no-objection certificate (NOC) from the Andhra Pradesh government to drill 20 onshore oil and gas wells, marking an important step in expanding domestic energy production. The proposed drilling activity will be carried out in the Krishna-Godavari (KG) basin region, which is known for its hydrocarbon potential. This approval allows Vedanta to move forward with exploration and development plans aimed at increasing crude oil and natural gas output within India. The company plans to invest significantly in drilling and associated infrastructure, which could support local employment and contribute to regional economic growth. By strengthening onshore production, Vedanta aims to reduce dependence on energy imports and improve energy security. The development aligns with the government’s broader objective of boosting indigenous oil and gas exploration while ensuring regulatory compliance and environmental safeguards.
The Key points
- Vedanta received NOC from Andhra Pradesh government
- Approval covers drilling of 20 onshore oil and gas wells
- Project located in the Krishna-Godavari basin
- Focus on boosting domestic oil and gas production
- Supports India’s energy security goals
- Significant investment planned for exploration activities
- Potential to create local jobs and economic benefits
- Reduces reliance on imported crude oil
- Project follows regulatory and environmental norms
- Strengthens Vedanta’s presence in upstream energy sector
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