Investment: Essar to invest Rs. 2,000 crores to boost CBM production
Mumbai: Essar Oil and Gas Exploration and Production Ltd (EOGEPL), India’s pioneering unconventional hydrocarbon (Coal-Bed Methane) player, on Monday, announced an additional investment of Rs. 2,000 crores in Microbial eCBM technology to boost CBM production.
EOGEPL has so far invested over Rs. 5,000 crores in the exploration and commercial development of the Raniganj CBM Block. As the largest CBM producer in the country, it plans to invest an additional Rs. 2,000 crores to enhance its reserve base and ramp up CBM production to contribute at least ~5% to India’s total gas production, the company said in a statement.
The firm has collaborated with The Energy & Resources Institute (TERI) and ONGC Energy Centre (OEC) to establish the potential of eCBM Microbial technology in the Raniganj-East Block.
The feasibility test of the technique has been completed in collaboration with TERI-OEC, and in parallel R&D is ongoing for full-field application, Pankaj Kalra, CEO, said, adding the company aims to upsurge gas production soon.
After an extensive study, eCBM Microbial stimulation has been completed in five wells of the Raniganj-East Block of the company. These will be monitored in the next six months, and, after the final optimization of the design, EOGEPL will implement the technology at a large scale to maximize gas yield and improve the reserves base.
(VP)
