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.