Essar Oil and Gas Exploration and Production Ltd (EOGEPL) on Monday said it has invested in Microbial ECBM technology to enhance production of Coal Bed Methane (CBM), The Energy and Resources Institute (TERI) and ONGC Energy for testing Working with the Center (OEC). Technology capability in Raniganj-East block of the company.
Feasibility studies have been completed, research and development is underway for full-field application.
EOGEPL CEO Pankaj Kalra said the investment reflects the company’s commitment to increase production and reserves, supporting India’s goal of becoming a gas-based economy within the next decade.
EOGEPL has invested more Plans to invest Rs 5,000 crore more in exploration for commercial development of Raniganj CBM block 2,000 crore and expanding its reserve base and increasing CBM production, contributing to about 5% of India’s total gas production.
The company is exploring cutting edge technologies such as hydro-fracking, radial drilling and microbial remediation to further its R&D efforts. Introduction of Microbial Stimulation Technology is expected to boost CBM gas production and improve reserve base by 10%.
catch all corporate news And updates on Live Mint. download mint news app to receive daily market update & Live business News,