ESSAR OIL TO PROPOSE SHALE GAS EXPLORATION IN RANIGANJ

“The Simultaneous Exploitation Policy, where licensees for any hydrocarbons can exploit any hydrocarbon resources, is expected soon,” the official said, adding that the company would submit the exploration proposal for shale gas to the steering committee of the (Raniganj East) block by end of March. The steering panel has representatives from the petroleum ministry, Directorate of Hydrocarbons, and from operators as well, Essar Oil & Gas Exploration and Production CEO Vilas Tawde said. The firm is currently producing over 1 million cubic metre gas per day and has so far invested Rs 4,000 crore in its Raniganj project for the production of CBM. It has drilled 3 50 wells and is expecting to drill another 150 wells in the next few years with an investment of Rs 900 crore. he said. Source / More: Essar Oil & Gas Exploration and Production oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Please email us your news for publication info@OilAndGasPress.com Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook]]>

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