News
India
WB: Essar's Raniganj (E) block becomes India's highest CBM producer
16 Jul 2016, 10:54 am
Durgapur, Jul 14 {NITN): As the first company in India, Essar Energy has marked the highest production of Coalbed Methane (CBM) gas with its Raniganj (East) block at the rate of 1 million standard cubic metres per day (scmd).
During a press conference here in West Bengal's Durgapur city, Essar Energy's CEO (Exploration & Production-E&P) Manish Maheshwari on Wednesday announced the company's achievement of crossing the 1 million scmd milestone.
"CBM offers a new energy frontier as India evolves to a gas based company. Delivering 1 million scmd from Raniganj (East) Block marks the beginning as the potential is tremendous. We have targets to produce CBM at the rate of 2 million scmd by March 2017 and to reach a plateau of 3 million scmd by middle of 2017-18," Maheshawri said.
"The Raniganj (East) Block has sizeable CBM reserves with 25 to 30 years of field life. With a cumulative investment of 3300 crores rupees till date, Essar Energy has drilled and fracked nearly 300 wells and established an infrastructure to produce, condition, compress and deliver CBM gas to the industrial consumers in Durgapur," he further added.
The Essar Group will invest additional 1000 crores rupees in West Bengal to achieve the next goals.
(Reporting by Deepayan Sinha)
More News
- Sona College of Technology breaks new ground in BTech placements with over 100 securing ₹10 lakh salary package offers
- Emotional support is crucial for healing the elderly people, says Sound N Mind Foundation co-founder Debashish Das
- Women’s Player Draft for Bengal Pro T20 League Season 2 marks a new chapter in state cricket
- US: Bharatanatyam dancer Urjani De enthrals audience in Philadelphia
- Bengal Pro T20 League: Dubrajpur's MGR Sports Academy named as a venue for women's matches
- Kolkata hosts 16th edition of Swayam Siddha
- 'Ami Bhalobashi Bangla Ke' concert enthrals music lovers in Kolkata
- The Sona Story: The Textile to Tech Journey of Chettiar Industrialist C. Valliappa
- Kolkata and Bengal may soon become the grooming ground for sustainability professionals
- Cricket Association of Bengal announces Season 2 of Bengal Pro T20 League
Air India Express welcomes ...
Marking a significant milestone in its ambitious expansion, Tata Group-owned Air India Express inducted its 100th aircraft, a Boeing 737-8, featuring ‘Chittara’ tail art inspired by Karnataka’s traditional mural painting.
Tata Group-owned Air India ...
Marking a significant milestone in its ambitious expansion, Tata Group-owned Air India Express inducted its 100th aircraft, a Boeing 737-8, featuring ‘Chittara’ tail art inspired by Karnataka’s traditional mural painting.
IndiGo connects Bengaluru t ...
Indian airline IndiGo has announced the launch of daily direct flights connecting Bengaluru, Karnataka with Ayodhya, Uttar Pradesh, effective from December 31, 2024.