GEECL to invest $2 billion in shale exploration, development business

GEECL is producing CBM gas from Raniganj (South) block in West Bengal which covers 210 square meter with 9.25 trillion cubic feet of original gas in place (OGIP)

Great Eastern Energy Corporation, the country’s largest producer of coal bed methane (CBM), on Thursday announced an investment of $2 billion in shale exploration and development.

Its consultants recently estimated recoverable reserves of 1,689.3 billion cubic feet of shale gas, currently valued at around $5.8 billion.

Prashant Modi, managing director and chief executive officer, GEECL, said the company expected to start initial shale gas exploration by drilling core wells in the first half of next year. 

After analysing the details of results from the core wells, the company will drill pilot wells. “Based on the further results obtained and analysed