Essar Oilfields Services India Limited (EOSIL) announced that it has been awarded a one-year, Rs 32-crore contract by ONGC to drill 30 wells at the latter's coal bed methane (CBM) block in Bokaro, Jharkhand. The Company will be deploying the MR#11 land rig for the job.
The countryÂ’s production of Coal Bed Methane (CBM) has grown more than 44 per cent last financial year, to around 565 million standard cubic metres (MMSCM) as compared to 393 MMSCM in 2015-2016. This will help curb IndiaÂ’s dependence on imports for energy supply.
ItÂ´s been a good year for O and G, setting the right agenda for reforms and increased private participation in exploration, says LK Gupta, MD and CEO, Essar Oil, in a conversation with Shashidhar Nanjundaiah.
Will you participate in the upcoming 10th round of NELP?
We have not yet taken a call. If we find value, we will consider it. We are currently more focused on completing our Ranigunj CBM fields and running our Vadinar refining plant optimally. This is a period where we are preparing for f
Central Mine Planning & Design Institute (CMPDI) submitted data package for six shale gas blocks to the Directorate-General of Hydrocarbons. These include two blocks in Ranigunj coalfields of the Damodar basin in West Bengal. They are most prolific with a reserve potential of 50 billion cubic metre. The others are in Jharia, also in the Damodar basin, and in the
Great Eastern Energy Corp (GEECL) took objection to the government's move to bring all forms of natural gas under the pricing regime suggested by the Rangarajan committee formula and approved by the cabinet recently. This essentially means that the coal bed methane (CBM) gas produced from coal seams would also come under the pricing formula suggested by the Rangarajan com
In the next two years, about 6.5 million standard cubic meters per day of coal bed methane (CBM) could be produced by Essar Oil and Reliance Industries from their respective blocks. This output is enough to generate about 1,573 mw of power, reports indicate. 1 mmscmd gas can generate 242 mw power, reports indicate
Great Eastern Energy Corp (GEECL) achieved 18 per cent growth in the production of coal-bed methane (CBM) from its Raniganj block. Gas output from the block rose to 20.40 million standard cubic feet per day or 0.5776 mmscmd, from 17.3 mmscfd (0.4898 mmscmd) last month. GEECL is the first company in the country to produce gas from coal seams (CBM). Its main asset is a 210 squa
Great Eastern Energy Corporation (GEECL), which is the country's first producer of coal bed methane (CBM) gas in India, prepared an aggressive programme for exploring and developing the blocks. The programme envisages drilling 300 production wells in its Raniganj (South) block, West Bengal and 50 core wells and 30 pilot production wells in its Mannargudi block
At its 39th annual general meeting (AGM) in Mumbai, Mukesh Ambani, Chairman of Reliance Industries (RIL) informed that the firm plans to invest Rs 1.5 lakh crore over the next three years. He remarked that the firm is investing the largest capital in India by any enterprise public or private, Indian or foreign and this is an expression of the faith of Relia
Brisbane-based Dart Energy may pick up 10 to 25 percent stake of Oil and Natural Gas Corp (ONGC) in the latter's four coal-bed methane (CBM) blocks. CBM is natural gas trapped within coal formations, which is extracted by drilling holes into the seams. In order to fast-track gas production with the help of priva