India’s Hydrocarbon Outlook 2024 185 A Report on Exploration & Production Activities 3.1.6 Future opportunities: 1. GoI is working on Exploration Plans in pursuit of establishing CBM resource in unexplored coal bearing areas. Additionally, GoI is looking into alternatives for CBM potential like analysis in abandoned or de-coaled mines, which are rendered unsuitable for coal mining. 2. Coal India and its subsidiaries are actively looking for coal bearing areas under their leasehold to award for CBM exploration and production. As per GoI Policy 2018, wherein CIL and its subsidiaries were granted CBM rights in their leasehold areas, Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited has awarded one CBM blocks (area 24 sq. km) in Jharia, Jharkhand for CBM exploration and production. 3. The competitive gas price along with enhanced natural gas pipeline network across the country has significantly enhanced the natural gas demand. 4. The projection of CBM production up to FY29-30 is shown in below table. This consists of production from existing 8 operational blocks. The recently awarded blocks (7) may also add up production in coming years. Sl No Block Projection (MMSCM) 24-25 25-26 26-27 27-28 28-29 29-30 1 SOHAGPUR WEST 384 397 337 300 275 256 2 RANIGANJ EAST 462 934 1303 1586 1727 1756 3 RANIGANJ SOUTH 133 191 264 270 285 290 4 Bokaro 64 105 132 316 313 297 5 JHARIA 7 63 121 118 116 114 6 SOHAGPUR EAST 0 0 4 65 146 226 7 NK-CBM-2001/1 15 27 157 197 196 195 8 Raniganj North 0 0 74 126 118 110 Annual Production (MMSCM) 1,065 1,717 2,392 2,978 3,176 3,244 Average Rate (MMSCMD) 2.9 4.7 6.6 8.2 8.7 8.9 3.2 Shale gas 3.2.1 Governing Policies: 1. In order to understand the prospectivity and untap the shale gas and oil resource potential in India, GoI announced a Shale gas and Oil exploration policy on 14.10.2013 for the National Oil Companies (NOCs), namely ONGC, and OIL. The companies were required to carry out exploration in their PML areas. 2. In 2018, the GoI notified a Policy framework for Exploration and Exploitation of unconventional hydrocarbons in existing acreages under existingProduction Sharing Contracts (PSC), Coal Bed Methane (CBM) Contracts and Nomination fields. 3. In October 2018, a policy framework to promote and incentivize Enhanced Recovery Methods for Oil and Gas was notified by the Ministry of Petroleum and Natural Gas, Government of India. Under Table 7.6 : CBM Production Projection
RkJQdWJsaXNoZXIy MTE0OTM0OQ==