The Chennai-based AVR Oil and Gas Private Limited has proposed to invest ₹100 crores to explore natural gas and develop three wells in the 24.2 square km area in the Krishna-Godavari basin in the Konaseema region in East Godavari district.
The onshore project includes developing three exploratory wells, a commission of an Early Processing System/Gas Production Unit (EPS-GPU), where the explored oil could be processed and supplied through a pipeline system, according to the Executive Summary report.