ONGC starts Coal based Methane Gas collection station in Bokaro CBM Block

13 Apr 2023 , 01:36 AM

India’s largest oil and gas production company ONGC has commissioned a new gas collection station in its Bokaro Coal Bed Methane block in Jharkhand.

“It is the first gas collecting cum gas compression station in the Bokaro CBM (Coal Bed Methane) block. This marks a major achievement in bringing ONGC on the CBM map of India as a bulk CBM producer,” ONGC said in a statement.

GCS-Bokaro is a major production installation in patch-A of Bokaro CBM block of ONGC – IOCL joint venture (participating interest: 80:20) with ONGC as the JV operator, said Rajeev Prasad, chief of communication, ONGC, Bokaro.

CBM Asset has entered into an Urja Ganga Pipeline Interconnection Agreement with GAIL to sell gas from GCS-Bokaro. In addition, the asset facilitated the signing of Gas Sale Agreements (GSAs) with five gas customers, achieving an all-time premium of $7.1 per MMBTU over the benchmark Brent crude price of $14 per MMBTU.