Essar's Raniganj Coal Bed Methane asset in WB crosses 0.5 million scmd production
While nearly 100 wells have been already placed on gas production, additional 155 wells have been drilled and are at various stages of the hydrofracking-completion-dewatering cycle for further gas production ramp up.
The company has built a high quality infrastructure gas conditioning and compression stations, in-field pipelines of 120 kms. and last mile pipeline connectivity network to end users of approx. 60 kms.
The company anticipates completing the development program ahead of the May 2016 deadline as per the Contract with the Government of India.
With a total investment outlay of approx. INR 4000 crores, the Raniganj Project is a first of its kind in India aimed to responsibly produce Methane Gas from the coal seams located 1000 meters or deeper below the ground.
Gas from this Project shall be the feedstock to the priority fertiliser sector with the anchor customer being Matix Fertiliser & Chemicals Ltd., having the world’s largest single stream plant for ammonia and urea located in West Bengal.
“With unity of conception, technology and team effort, we have been able to register a multifold increase in CBM production to 0.55 million scmd and expect to ramp up delivery to 1.2 million scmd over the next few months by bringing wells on production stream which are drilled and presently under completion and dewatering phase," said Manish Maheshwari, CEO-E&P, Essar Oil.
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