Shale Gas INDIA

* CAIRN SEEKS PARTNERS TO EXPLORE SHALE GAS POTENTIAL IN RAJASTHAN!!!

Cairn India is keen to partner global leaders to hunt for shale resources in its prolific Rajasthan block and wants a policy regime to allow companies to produce hydrocarbons irrespective of whether they are contained in a conventional field or a new source, the company's CEO P Elango said. "At Rajasthan, we see the presence of tighter gas and oil resources, which lend themselves tremendously well to Shale gas exploration.MORE..
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*ONGC PLANS TO MAKE SHALE GAS COMMERCIAL BY NEXT YEAR!!!!!!



Oil and Natural Gas Corporation (ONGC), on Friday, announced that it had drawn up plans to start commercial production of shale gas next year.

Addressing reporters on the sidelines of the ‘Oil and Gas Summit’ organised by Indian Chamber of Commerce (ICC), ONGC Chairman and Managing Director Sudhir Vasudeva said the Cabinet Committee on Economic Affairs (CCEA) had allowed ONGC and Oil India Ltd (OIL) to tap shale resources in blocks allotted to them on a nomination basis. “We are planning to drill 10 wells this year and hope to start commercial production next year,” he added.

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*INDIA APPROVES SHALE GAS POLICY

Shale gas, or natural gas trapped in sedimentary rocks (shale formations) below the earth's surface, is the new focus area in the US, Canada and China as an alternative to conventional oil and gas for meeting growing energy needs.

The process of extracting shale gas has many possible environmental and geophysical fallouts, which has led to several protests against exploitation of this resource.
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*ONGC TO START EXPLORING SHALE GAS IN GUJARAT

A day after government allowed state-owned firms to extract shale oil and gas, Oil and Natural Gas Corp (ONGC) Wednesday said it plans to start drilling for the unconventional hydrocarbon resource in Gujarat next month. The Cabinet Committee on Economic Affairs (CCEA) on Tuesday allowed ONGC and Oil India Ltd (OIL) to tap shale resources in blocks allotted to them on a nomination basis. "Next month, we plan to spud a well for shale gas in Cambay basin (in Gujarat)," ONGC Director (Exploration) N K Verma told reporters here.
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