India’s Great Eastern Energy Corp. will invest INR 20 billion ($312 million) to expand its CBM production over the next four to five years, according to LiveMint.
This will include drilling 144 wells at the Raniganj Block in the eastern state of West Bengal. The company plans to invest a further INR 5 billion to explore other unconventional assets, including shale.
India has awarded 33 blocks for CBM production, but only three have actually started producing.
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