ONGC to Drill More Shale Gas Wells in Gujarat

Indian state owned oil and gas major ONGC plans to drill more shale gas wells in Cambay region of Gujarat, news agency Press Trust of India reports.

“ONGC had drilled the first well in Jambusar in the last week of October in 2013 to exploit the natural gas trapped within the shale formations located in Cambay basin, which is estimated to have a shale gas potential of 20 TCF (trillion cubic feet),” G C Katiyar, basin manager of Western Onshore Basin of ONGC, said on Wednesday, reports Press Trust.

The data from the first well near Jambusar has given ONGC more leads for further exploration that will help the company ascertain parameters in taking up commercial productions, Katiyar said.

ONGC estimates India’s shale gas reserve in the range of 500 to 2000 trillion cubic meters. The company has plans to dig 30 shale gas exploratory wells across the country by 2014-15, adds Press Trust.

These explorations are expected to be carried out in alliance with ConocoPhilips.

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