New Delhi, Oct. 15 -- Essar Oil & Gas Ltd has secured five coal-bed methane (CBM) blocks across West Bengal, Madhya Pradesh and Telangana, adding 1,281 square kilometres of acreage and an estimated 6.6 trillion cubic feet (TCF) of gas-in-place resources.
The contracts, awarded under the government's Special CBM bidding rounds of 2025 and 2026, were signed on Thursday, the company said.
Two blocks covering 330 square kilometres in West Bengal's Raniganj will expand its acreage there from 500 square kilometres to 830 square kilometres. The company also secured a block in Madhya Pradesh's Singrauli basin and entered Telangana's Godavari Valley.
"The award of these five CBM blocks marks a significant milestone in Essar Oil & Gas' growth journey," CEO Pankaj Kalra said.
Essar has invested more than Rs 6,000 crore in exploration and production at Raniganj and currently produces 9,50,000 standard cubic metres of gas per day (SCMD), accounting for nearly 50 per cent of India's
CBM production.
Chairman Bhuwan Chandra Tripathi said the group remains focused on supporting India's energy security through responsible development of domestic hydrocarbon resources.
Essar Oil & Gas aims to contribute 5 per cent of India's natural gas production by developing its CBM portfolio.
The company has a resource base of 12 TCF of CBM and shale gas and has produced more than 105 billion cubic feet of CBM to date.
Published by HT Digital Content Services with permission from Millennium Post.