Ethiopia shortlists GAIL for gas exploration
Mumbai, Apr 13 (UNI) Gas Authority of India (GAIL) has been shortlisted by Ethiopia's Ministry of Mines and Energy to bid for exploration and development of Calub and Hilala gas fields in Ogaden onland basin there.
The bids are due for submision by June 10. The two gas fields on offer are remotely located, therefore, commercial exploration of gas reserves would need setting up of gas processing facilities and a long distance gas pipeline to reach the potential markets, a released issued by GAIL today said.
GAIL has responded to the Ministry notice for the development of two gas condensate fields, which are estimated to contain about four tons cubic feet (TCF) of gas.
As per the preliminary examination, both the fields may require more exploration, resulting in further enhancement in gas and condensate reserves.
GAIL has submitted its expression of interest, jointly with Gujarat State Petroleum Corporation Ltd (GSPC), to the Ethiopian Ministry, the release added.
UNI VS GK NV1448