Essar Oil & Gas Exploration & Production Ltd (EOGEPL) operates the Raniganj East CBM block. It is India’s most prolific CBM block that has already achieved daily gas production of more than 1.0 million scmd. EOGEPL has invested more than USD 528 million in the Raniganj block towards drilling 348 wells, setting up the supply infrastructure, and laying pipelines to Durgapur and nearby industrial areas. In the medium term, the Company is also planning to drill additional wells in accordance with the approved FDP (Field Development Plan) for the block.

In August 2018, EOGEPL signed a Gas Sale and Purchase Agreement (GSPA) with GAIL, which provides for a 15-year gas supply contract between the two companies. The GSPA allows EOGEPL to monetise its entire CBM production (saleable gas of 2.3 mmscmd once the additional wells have been drilled and production ramps up to full capacity) from the Raniganj block at a globally competitive price.

EOGEPL is a wholly-owned subsidiary of Essar Exploration & Production Ltd Mauritius (EEPLM), which is Essar Global Fund’s E&P arm.