Essar to invest Rs.70 billion to explore shale in Ranigunj – Feedback

EOGEPL said it would need to invest close to Rs.700 billion for developing shale gas potential in block.

With Union Cabinet clearing a policy giving operators the option to explore all unconventional hydrocarbons in the existing field, companies have started firming up their shale exploration plans. Essar Oil & Gas Exploration and Production (EOGEPL) on Thursday said that it is planning to invest about Rs 70 billion for developing shale gas potential in its existing coal-bed methane block at Ranigunj in West Bengal.

https://www.business-standard.com/article/companies/buoyed-by-new-policy-essar-to-invest-rs-70-bn-to-explore-shale-in-ranigunj-118080900644_1.html

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