GEECL plans Rs 150 bn investment in shale gas at Raniganj block
Concrete

GEECL plans Rs 150 bn investment in shale gas at Raniganj block

Great Eastern Energy Corporation Limited (GEECL) plans to invest nearly Rs 15,000 crore in exploring shale gas at its Raniganj South block in West Bengal. GEECL signed the first confidence-building measu...

Great Eastern Energy Corporation Limited (GEECL) plans to invest nearly Rs 15,000 crore in exploring shale gas at its Raniganj South block in West Bengal. GEECL signed the first confidence-building measures (CBM) contract in India for the Raniganj South block in 2001 and the first to commercialise CBM in 2007. The company has a huge potential for shale resources of up to 6.63 trillion cubic feet (TCF) in the block. The company is waiting to amend the petroleum mining lease for shale exploration from the West Bengal government.Contact: Great Eastern Energy Corporation Tel: 0124-455 9900 Email: ir@geecl.com Website: www.geecl.com

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