Essar has recently declared that its Raniganj (East) Block in West Bengal has become India’s first CBM (Coal Bed Methane) asset to cross the 1 million scmd (standard cubic metres per day) production milestone. The targeted plateau production from the Block is 3 million scmd. As per 2016 NSAI (Netherland Sewell & Associates, Inc.) report, the proven, probable and possible gross CBM reserves in the Raniganj (East) Block is estimated at 1.09 tcf (trillion cubic feet). The Block is assessed to have additional resources in the ‘contingent’ category of around 270 bcf (billion cubic feet).
“We married talent with technology to transform reserves to production. In the last 12 months, the average well productivity has more than doubled, the gas break-out time in new wells has reduced to days instead of months, and the work-over cycle has reduced to a fifth. Our collaborative relationship with international service providers has resulted in win-win solutions,” said Mr Manish Maheshwari, CEO-E&P, Essar.
Essar has commenced supply to Matix Fertilisers for its pre-commissioning activities at the rate of 150,000 scmd. “There are tremendous opportunities in the domestic unconventional hydrocarbon sector. The Hydrocarbon Exploration Licensing Policy (HELP), which was announced by the Government in March 2016, recognises this potential in contributing towards national energy security,” Mr Maheshwari added.