Andhra OKs petroleum mining lease to ONGC for 30 sq km in KG Basin — source

**Informist Media: The Andhra Pradesh government has granted a petroleum mining lease on nomination basis to Oil and [Natural Gas Corp](https://informistmedia.com/EquityWire/36341/Andhra-OKs-petroleum-mining-lease-to-ONGC-for-30-sq-km-in-KG-Basin-source). 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.