Great Eastern gives a boost to India's unconventional hydrocarbon dreams

The company says West Bengal's Raniganj block has 6.63 trillion TCF of shale

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Shine Jacob New Delhi
Giving a boost to India's unconventional hydrocarbon dreams, Great Eastern Energy Corporation on Thursday said that it has 6.63 trillion cubic feet (tcf) of shale and 2.62 TCF of coal bed methane (CBM) of reserves at its Raniganj (South) block in West Bengal. 

Prashant Modi, MD and CEO, said that the block has original gas in place (OGIP) of up to 9.25 TCF, with an undiscounted value of $13.78 billion and a discounted value of $4.31 billion. "We believe that the shale gas resources can be explored and developed cost-effectively in tandem with our successful ongoing CBM development program. It

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First Published: Nov 15 2018 | 6:12 PM IST

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