Essar Oil has Commences Improvement and selling of CBM gas from its Raniganj CBM block in Western Bengal, Essar Oil, COO Prem Sawhney said. Currently the organization is generating 90,000-100,000 million standard cubic metres per day of gas from fuel bed methane and expect to accomplish peak output of over 3 million standard cubic metres per day in 2-3 years, he said, including development from the block will last 15 years. The gas is marketed to a local fertilizer plant at US $4.2 per million British thermal units. Essar Oil is investment US $300 million for CBM gas development and it programs to drill 500 wells over 2-3 years.
World Oil and Gas News
World Oil and Gas News
Post was edited 1 time, last by EPCWorld ().