EOGPL submit proposal on shale gas for Raniganj CBM, WB

12 March 2018

Essar Oil and Gas Exploration and Production Limited (EOGPL) would submit a proposal on shale gas exploration potential to the steering committee set up by the ministry of petroleum and natural gas for the company's Raniganj CBM block in West Bengal.

Source: Google

The company would also enter into an agreement with state-owned GAIL for selling its entire production of CBM to the PSU.

The potential reserves of shale gas at the Raniganj block was approximately 1.5 trillion cubic feet (tcf), adding that it would be done under the simultaneous exploitation policy under single licensing system for conventional and unconventional energy of the government.

The company had obtained licenses for exploration of CBM at Raniganj, in addition to four other blocks in Jharkhand, Chhattisgarh and Odisha. Raniganj was the only producing block.

EOGPL had invested INR 4,000 crore for drilling 350 wells at Raniganj block out a total of 500.

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