MECL consortium bags Rs 950 cr CBM exploration contract from ONGC

New Delhi, July 7 (UNI) The West Bengal (WB) based public sector Mineral Exploration Corporation Limited (MECL) along with its consortium bagged the Rs 950 crore integrated contract from the Oil and Natural Gas Corporation (ONGC) for exploration and development of Coal Bed Methane (CBM) spread over six blocks in Jharkhand and WB.

According to information received from the Ministry of Mines, the project is slated to begin in three months . It targets a peak production of 7.5 lakh cubic meter CBM a day. Roughly, half of the production capacity is scheduled to be commissioned in the central Parbatpur area of Jharia block as early as June 2007.

The consortium includes Shivani Oil and Gas Exploration services limited and Express Drilling Services.

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