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The Expert Advisory Committee on industry has given environment clearance to Gujarat State Petroleum Corporation Ltd (GSPC) for drilling and development of 19 exploratory wells at its Ahmedabad block in Gujarat.
As per the proposal, the company will drill 14 wells and develop five already drilled ones by setting up a production facility. The approval came after the green panel set up by the Environment Ministry examined GSPC’s proposal at a meeting recently.
As per the minutes of the EAC meeting, EAC recommended grant of environment clearance to GSPC’s project after a detailed discussion.
The company has informed that the cost of drilling one well will be Rs 5 crore and the cost of a production facility would be Rs 1-2 crore. GSPC group, with 12 companies and institutes, has presence across the entire hydrocarbon value chain.
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