IPA Newspack
  • Home
  • now
  • politics
  • business
  • markets

IPA /

IPA Special

IPA Special

ONGC To Get Six Months More To Drill Raniganj-North Block

NEW DELHI: The oil ministry will grant ONGC another six months to drill the required number of wells and draw plans for producing coal bed methane (CBM) from the Raniganj-north block in West Bengal, which was given to the state-run firm nine years ago.
This will be the third extension for the project, in which ONGC holds 74% stake and its partner Coal India holds the rest. ONGC initially held nine CBM blocks, but relinquished five of them.
After successful drilling of pilot wells in the block, ONGC will submit a development plan to the government for producing CBM from the blocks. ONGC is yet to start commercial production from the blocks whereas private firm Great Eastern is already producing gas from Raniganj-south and Reliance Industries and Essar are set to start commercial production after the oil ministry approves CBM prices for their respective blocks.
According to Directorate General of Hydrocarbons, which has recommended an extension for ONGC, Raniganj-north blocks has a resource potential of 43 billion cubic meter of gas, which is comparable with Great Eastern Energy’s producing block in its vicinity.
ONGC officials said the delay in completion of wells in Raniganj block was because CBM prospective area overlapped with Ichhapur and Moira-Madhujore coal mines. “There was also land acquisition problem due to upcoming Bengal Aerotropolis project,” an ONGC official said requesting anonymity.
Problems continue despite taking up the matter with the West Bengal government and the oil ministry. “We had to shift locations of the wells and purchase land directly at exceptionally high cost,” the official said.
Oil ministry officials confirmed the development. “DGH has examined ONGC’s request and recommended six months extension for phase-II, which will be adjusted in the next phase,” an oil ministry official said requesting anonymity.
ONGC has reported significant success in its Jharia block where drilling of wells has resulted into gas production and the company is selling some incidentally produced gas.
CBM is an eco-friendly natural gas stored in coal seams, which is mainly used as industrial fuel. India has an estimated 4.6 trillion cubic meter of CBM reserves. So far, 238 billion cubic meters CBM has been established. CBM is also called a green fuel as its commercial production helps in reducing the green house gas effect by preventing direct emission of methane gas from coal mines.

IPA Special

BJP Leaders Have Started Course For Overthrow Of Nitish Kumar Regime

August 17, 2022
IPA Special

Decoding My Seventy-Two Years In Independent India-Part Two

August 17, 2022
IPA Special

Reining In ‘Freebies’ Needs Thorough Debate

August 17, 2022
IPA Special

Release Of The Eleven Imprisoned Rapists Of Bilkis Bano Is Atrocious

August 17, 2022
IPA Special

Heyday For Geopolitics Of Eurasian Transport

August 17, 2022
IPA Special

Jagdeep Dhankar Had A Chequered Career Involving Many Political Parties

August 17, 2022
IPA Special

NATO Expansion Into Finland And Sweden A Danger To World Peace

August 17, 2022
Happening Now

DMK moves Supreme Court over ‘freebies’ term scope

August 17, 2022
Politics

R’sthan Cong Rs 20 lakh aid for slain Dalit boy’s family

August 17, 2022
Politics

Gehlot vs Pilot fight resumes ahead of polls next year

August 17, 2022
Happening Now

Azad quits J&K Cong panel within hours of appointment

August 17, 2022
Happening Now

Meira Kumar says ‘Chamar’ used as slur against her father

August 17, 2022
IPA Special

Prime Minister’s Five Pledges On Independence Day Mean Very Little To Poor

August 16, 2022
IPA Special

Labour Movement Has Lost Its Earlier Striking Power

August 16, 2022
IPA Special

Decoding My Seventy-Two Years In Independent India

August 16, 2022
IPA Special

Prime Minister Narendra Modi’s ‘Achhe Din’ Now Needs 25 Years More

August 16, 2022
IPA Special

Donald Trump Is On Dock Over FBI Seizures Of Classified Documents From His House

August 16, 2022
IPA Special

Bihar Developments Are Going To Have Impact In Uttar Pradesh In 2024 Polls

August 16, 2022
IPA Special

Amrit Mahotsava Has Been Turned Into A Big Jumla By Sangh Parivar

August 16, 2022
IPA Special

For Global Arms Dealers, Russian War In Ukraine Is A Big Bonanza

August 16, 2022

An appeal

The legacy of IPA, founded by Nikhil Chakravartty, the doyen of journalism in India, to keep the flag of independent media flying high, is facing the threat of extinction due to the effect of the Covid pandemic. Only an emergency funding can avert such an eventuality. We appeal to all those who believe in the freedom of expression to contribute to this noble cause.
Click here to learn more

Share

Reply

  • 0
More on IPA

BJP Leaders Have Started Course For Overthrow Of Nitish Kumar Regime

August 17, 2022 3:33 pm | IPA Staff

  By Arun Srivastava   It was certainly not a coincidence that on the day Prime   Minister was addressing the Independence   Day rally, Amit Shah...

IPA Special

Decoding My Seventy-Two Years In Independent India-Part Two

August 17, 2022 3:32 pm | IPA Staff

  By Nitya Chakraborty   In 1960, at the global level, the most important development was the World Conference of the   communist parties, the result...

IPA Special

Reining In ‘Freebies’ Needs Thorough Debate

August 17, 2022 3:30 pm | IPA Staff

By Dr. Gyan Pathak   The ongoing freebies case in the Supreme Court of India has reached an interesting stage with the DMK seeking to...

IPA Special

Release Of The Eleven Imprisoned Rapists Of Bilkis Bano Is Atrocious

August 17, 2022 3:30 pm | IPA Staff

By Sushil Kutty   Monday, the eleven   persons   who gang-raped Bilkis Bano during the 2002 Gujarat communal riots walked free. The panel that let them...

IPA Special

BJP Leaders Have Started Course For Overthrow Of Nitish Kumar Regime

in IPA Special
Aug 17, 2022   ·  

Decoding My Seventy-Two Years In Independent India-Part Two

in IPA Special
Aug 17, 2022   ·  

Reining In ‘Freebies’ Needs Thorough Debate

in IPA Special
Aug 17, 2022   ·  

Leave a Reply Cancel reply

You must be logged in to post a comment.

Follow us on
Up Next: ONGC To Regain Top Profit Slot From RIL
©2020 -2021 India Press Agency, All Rights Reserved
Newspack by India Press Agency
Posting....
logo
  • Home
  • now
  • politics
  • business
  • markets