Indian non-public sector participant Essar Oil and Gas Exploration and Production (EOGEPL) has lined up investments totalling 20 billion Indian rupees ($244 million), because it prepares to increase the potential of its flagship coal mattress methane (CBM) asset within the jap state of West Bengal.

Chief govt Pankaj Kalra instructed an area media outlet that extra investments within the Raniganj East CBM block will imply drilling 200 wells within the unconventional gasoline asset over the following 18 to 24 months.

EOGEPL is eyeing a sizeable enhance in manufacturing from the CBM asset because it makes its recent funding dedication.

Kalra stated CBM gasoline manufacturing from Raniganj East will attain 3 million cubic metres per day in the long run, however a short-term enhance can be forecast.

“We are employing the latest technology in the existing wells to ramp up production from 0.9 MMcmd to 1.3 MMcmd which will be completed in a few months”, Kalra instructed the Press Trust of India (PTI).

Systematic strategy

The firm in its third quarterly ends in February stated that it’s at the moment working 350 wells within the block and “has taken up a systematic approach of good revival through the adaptation of world-class technology and stimulation techniques”.

EOGEPL stated CBM manufacturing has been rising after commissioning of the Urja Ganga Pipeline “with the availability of 100% gas offtake further buoyed by continued tailwinds in global gas prices”.

The company said it is working towards opening up new frontiers, “certainly one of them being shale gasoline exploration which is able to assist the corporate consolidate its place as one of many largest unconventional hydrocarbon gamers within the area”.

Kalra instructed the Indian media that two shale gasoline wells could be drilled on the Raniganj block later this yr as a pilot mission following which an in depth appraisal might be executed.