Oil and Natural Gas Corporation (ONGC), an Indian state-owned entity, has deployed a new Gas Collecting Station (GCS) in Jharkhand’s Bokaro Coal Bed Methane (CBM) block.
“This is the first gas collecting cum gas compression station in the Bokaro CBM Block,” the company said in a series of tweets.
The move places ONGC on the CBM map of India as a bulk CBM producer, it added.
ONGC said: “GCS-Bokaro is a major production installation in Patch-A of Bokaro CBM Block of ONGC – IOCL Joint Venture (Participating Interest: 80:20) with ONGC as the JV operator.
“CBM not only provides a source of clean energy but also helps to reduce greenhouse gas emissions. By capturing and utilising this natural gas, ONGC aspires to achieve a sustainable and eco-friendly future.”
According to the Economic Times, to facilitate the sale of gas from GCS-Bokaro, ONGC has signed a deal with GAIL for pipeline connectivity with its Urja Ganga Pipeline.
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The GCS- Bokaro has also made it possible to execute Gas Sales Agreements (GSAs) with five gas buyers.
This project, with its well-site facilities and pipeline network, was proposed by CBM Asset and developed by a consortium, which included Tata Projects and Corrtech International.
Meanwhile, ONGC is also getting ready to invest billions of dollars in deepwater and ultra-deepwater exploration to reduce India’s dependence on imports.
In an interview with Bloomberg, ONGC director of exploration Sushma Rawat said: “Onshore we have more or less drilled, appraised or acquired data in most of the basins.
“But there are still large tracts offshore where we have very sparse data, where almost no wells have been drilled.”
The company intends to bid aggressively in the next government auctions to increase its exploration area from approximately 163,000km2² currently to 500,000km².