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
- USA: Santoor Ashram Kolkata mesmerises Los Angeles with a celebration of Indian classical music
- India Setu curtain raiser showcases AI, healthcare, and conservation as drivers of global collaboration
- Feminist pioneer Abala Bose was both a subscriber and critique of colonial ideas: Author Saptarshi Mallick
- Rotary Club of Belur strengthens Kolkata healthcare with donation to Ramkrishna Mission Seva Pratishthan
- India Humanity Foundation launches “Padho Bharat 2025” literacy campaign
- Kolkata: Mega health camp transforms lives in Ultadanga slum with free multi-specialty services
- 'Music Meets Bells' returns: New York to witness divine confluence of sound and movement
- SonaSPEED motors power NASA–ISRO synthetic aperture radar mission
- London to host maiden thought leadership summit IndiSetu to boost India-UK innovation and cultural ties
- From Loom to Label: Sona College of Tech’s Fashion Tech department powering innovation and careers
Air New Zealand to host one ...
Air New Zealand has announced plans to host a live inflight concert, ‘SYNTHONY in the Sky’, on Dec 4 aboard Flight NZ1331 from Auckland to Sydney.
Qatar Airways to commence o ...
Qatar Airways will move its New York operations to The New Terminal One at John F. Kennedy International Airport (JFK) in 2026. As part of the relocation, the airline plans to open a 15,000-square-foot lounge, its first dedicated facility in both New York City and the United States.
Air Canada flights remain g ...
All Air Canada planes remained grounded late Saturday despite the Canadian government intervening to end a strike called by cabin crew members that resulted in hundreds of flights being cancelled and triggered chaos, media reports said.