1. It plans to invest about Rs.

10,000 Crores for E & P activities in Onland

blocks and about Rs. 68,000 Crores in Offshore Assets in KG Basin.

o Offshore Investment

Out of Rs. 68,000 Crore, ONGC has already approved for Rs.34,000 Crore
for development of cluster II of KG-DWN 98/2 from which production will
start very soon.

Rest amount is at various stages for approval. This remaining amount will
be used for other two clusters in KG-DWN-98/2

o Onshore Investment

ONGC is continuously investing in onshore area around Rajahmundry for

the development of the various oil & gas field development work.

2. Present status of ONGC on its part would undertake Exploration,

Development and Production activities in NELP and Nomination PML
Blocks, situated in the State of Andhra Pradesh.

3. ONGC would be willing to invest for development of Centre of Excellence

for deep water & HP-HT (High pressure High Temperature) marketing
office and a museum at capital region of Amaravati.

o Land for this centre of Excellence at Amavati was supposed to be given

to ONGC by the erstwhile state Govt when CM was Shri Chandrabau
Naidu.

o Present govt in AP, has not shown interest to provide the land for the
center

IIPE, Vizag:
o Land Acquisition has done
o Construction of Permanent campus is underway
o Target for shifting the campus by end of 2021
o Grant from Govt is yet to releaes