Raniganj (East) crosses 1 million milestone in India

Essar has happily declared that the CBM production from its flagship project, Raniganj (East) has crossed 1 million standard cubic metres per day (scmd). Essar has become the first company in India to achieve the 1 million milestone.
CBM production assumes an added significance to the State of West Bengal as hydrocarbon discovery on a commercial scale in the conventional reservoirs like sandstone or limestone is yet to materialise. With Raniganj (East) Block on stream, the quest for unconventional energy resources has begun in good earnest in West Bengal. The 2016 reserve report from Netherland Sewell & Associates, Inc. (NSAI), US, have certified the proven, probable and possible gross CBM Reserves in the Raniganj (East) Block at 1.09 TCF. “CBM offers a new energy frontier as India evolves to a gas based economy. Delivering 1 million scmd from Raniganj Block marks the beginning as the potential is tremendous and the Company has definitive plans to ramp up CBM production from 350 wells to 2 million scmd by March 2017 wells and reach a plateau of 3 million scmd by mid 2017-18” said Manish Maheshwari, CEO-E&P, Essar. With installed capacity of 1.3 million tonnes per annum urea at an investment of INR 6000Cr, Matix Fertilisers shall commence urea production using CBM from Raniganj in Q3 FY2016-17.

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