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GEECL aims to raise production with INR 2,500 crore investment - CEO

Gasoil News - Published on Thu, 28 Dec 2017

Image Source: financialexpress.com
PTI cited Mr Prashant Modi CE of Great Eastern Energy Corp Ltd (GEECL), India's first producer of natural gas from coal seams, as saing that it will invest up to INR 2,500 crore over the next three to four years to raise output. The planned capex of Rs 2,000-2,500 crore will be for "drilling 144 new wells and laying internal pipelines" in GEECL's Raniganj block in West Bengal.

GEECL, the first to start coal-bed methane (CBM) production in India in 2007, produces 0.57 million standard cubic metres of gas a day at the Raniganj block.

He said without giving timelines "Eventually, it will rise to 2.5-3 mmscmd." The company has so far drilled 156 wells on the block which has gas reserves of 2.6 trillion cubic feet in place, he said.

Source :

Posted By : Rabi Wangkhem on Thu, 28 Dec 2017
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