GEECL to invest $700mn to boost CBM output in India: interview
GEECL to invest $700mn to boost CBM output in India: interview
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Natural Gas News
GEECL to invest $700mn to boost CBM output in India: interview
Summary
GEECL is the oldest CBM producer in India and operates the Raniganj (South) block in the eastern state of West Bengal. by: Shardul Sharma
Great Eastern Energy Corporation (GEECL), an Indian coalbed methane (CBM) producer, plans to invest approximately $700mn over the next few years to increase gas output at its Raniganj (South) block, CEO Prashant Modi tells NGW. “We are going ahead with an efficiency capital expenditure programme in this financial year [FY2024]. This is expected to increase gas production from the existing CBM wells. We plan to further undertake drilling of another 144 CBM wells starting next financial year,” he said. “Thereafter, subject to government approval, the company may undert...
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