Great Eastern Energy Corp Ltd (GEECL) today said gas production at Raniganj coal-bed methane block has increased 18 per cent to 0.58 million standard cubic metres per day.
Production of gas from below coal seams, called CBM, increased to 20.40 million standard cubic feet per day or 0.5776 mmscmd, from 17.3 mmscfd (0.4898 mmscmd) last month, the company said in a statement here.
GEECL is the first company in the country to produce gas from coal seams (CBM). Its main asset is a 210 square kilometre Raniganj (South) block in the Damodar Valley, 185 km from Kolkata.
The block, according to the company, holds in-place reserves of 2.4 trillion cubic feet.
“In the light of the increasing production trend and the company becoming profitable, the company may consider announcing a dividend in the coming years,” GEECL said.
GEECL also has Mannargudi block, near Tiruchirapalli in Tamil Nadu. The Mannargudi block covers 667 sq km. This block has 0.98 Tcf of in-place gas reserves.
Its exploration, production, and development programme will entail drilling 300 production wells in its Raniganj (South) block and 50 core wells and 30 pilot production wells in its Mannargudi block.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.