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Business News/ Politics / News/  Shale gas blocks auction by year-end
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Shale gas blocks auction by year-end

Shale gas blocks auction by year-end

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New Delhi: India plans to bid out shale gas blocks by the end of the current year, said SK Srivastava, director general of hydrocarbons, on Tuesday.

Shale is fine grained sedimentary rock containing organic material called kerogen, which when distilled can produce oil and gas.

India is working with United States Geological Survey to help towards facilitating exploration of shale gas reserves, Srivastava, who heads as directorate general of hydrocarbons, said.

While around 32,500 trillion cubic feet of shale gas has been identified globally, with US being the lead producer of shale gas, work is already progressing on shale gas in India.

“We are working with Schlumberger in a block in Raniganj. A drilling well was spudded last year and we expect some results shortly...(however), there are environmental issues, which needs to be dealt with," said PK Ghosh, executive director, offshore, ONGC.

utpal.b@livemint.com

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ABOUT THE AUTHOR
Utpal Bhaskar
"Utpal Bhaskar leads Mint's policy and economy coverage. He is part of Mint’s launch team, which he joined as a staff writer in 2006. Widely cited by authors and think-tanks, he has reported extensively on the intersection of India’s policy, polity and corporate space.
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Published: 11 Jan 2011, 04:34 PM IST
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