India’s Hydrocarbon Outlook 2024 186 A Report on Exploration & Production Activities this policy, fiscal incentives are provided from the first day of the entire production from future discoveries of unconventional hydrocarbons (Shale Gas/Oil and Gas Hydrate). Operators employing enhanced recovery techniques for shale gas extraction are offered reduced royalty rates and various tax benefits. These incentives are designed to make the deployment of such technologies more economically attractive. 3.2.2 Shale gas exploration in Country Under the Shale Gas Policy - 2013, 50 blocks in 4 basins; Assam, Krishna Godavari, Cauvery & Cambay were identified by ONGC, and 6 blocks in 2 basins; Jaisalmer and Assamwere identified by OIL in the Phase-I of exploration which ended in April-2017. Basin-wise work carried out by ONGC and OIL in their nomination areas are as below: Basin Phase-I Blocks Blocks Taken up for Drilling Actual Wells Drilled Cambay 28 16 17 KG 10 6 8 Cauvery 9 1 3 Assam 3 2 2 Total 50 25 30 Basin Phase-I Blocks Blocks Taken up for Drilling Actual Wells Drilled Jaisalmer 1 1 1 Assam 5 0 3 Total 6 1 4 3.2.3 Future Opportunity 1. In 2018 GoI has allowed E&P operators in India to explore and develop all unconventional hydrocarbons (CBM, shale oil and gas, tight gas) under existing production sharing contracts, CBM blocks, and nominated licenses. This allows the exploration and development of shale gas/ oil in existing PML areas. 2. The Barren Measure Formation underlying the Raniganj formation in Raniganj Coalfields (located in West Bengal and Jharkhand state) is rich in organic content consisting dominantly of shale interbedded with silt and the Formation is considered to have good potential for shale gas. Preliminary studies carried out by existing CBMoperators i.e. M/s GEECL &M/s EOGEPL incorporating all the available datasets have shown presence of considerable thickness of Barren Measure shale across the basin. 3.3 Gas Hydrates 3.3.1 Governing Policies: The National Gas Hydrate Program (NGHP) is an initiative by the Government of India aimed at exploring and exploiting gas hydrates as a potential source of energy with an objective to conduct comprehensive surveys to assess the potential of gas hydrate resources in Indian offshore areas, particularly in the KrishnaGodavari (KG), Mahanadi, and Andaman basins. Table 7.7: Basin-wise work carried out by ONGC in its nomination areas Table 7.8: Basin-wise work carried out by OIL in its nomination areas
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