ONGC, OIL to hunt for shale with foreign assistance

OIL have identified the western state of Rajasthan and northeastern state of Assam for initial shale drilling

GN Bureau | October 5, 2013



To meet the country’s burgeoning energy demands, Oil and Natural Gas Corporation (ONGC) and Oil India limited (OIL) have enlisted the services of foreign firms to hunt for shale oil and gas.

According to the US energy information administration, India could be having as much as 96 trillion cubic feet (tcf) of recoverable shale gas reserves, equivalent to about 26 years of its gas demand.

According to a news report in Business Standard, ONGC will be taking technical help from Houston-based ConocoPhillips for shale drilling.
Sudhir Vasudeva, chairman, ONGC said that the company plans to take up exploratory work in 10 wells in blocks spread across western Cambay and eastern Cauvery and Krishna Godavari basins. He added that commercial drilling would commence next year.

S. Rath, head of operations, OIL said that they have identified the western state of Rajasthan and northeastern state of Assam for initial shale drilling and could align with Houston-based Carrizo Oil & Gas.
 

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