Exploration & Production

Indian state firms plan $123 mln investment in Bokaro CBM

Indian state firms Oil and Natural Gas Corp. and Oil India will invest $123 million in the Bokaro CBM block in the state of Jharkhand.
By Staff reporter 15 August 2016 0 21524

Indian state firms Oil and Natural Gas Corp. (ONGC) and Oil India will invest $123 million in the Bokaro CBM block in the state of Jharkhand, according to a statement by ONGC’s chairman reported by The Times of India.

The project aims to produce 4 billion cubic metres over 20 years with peak production of 900,000 cubic metres per day.

A total of 141 wells are expected to be drilled. The country has struggled to develop its large CBM resources, and last week a...