Mr Vilas Tawde, MD & CEO of Essar Oil & Gas Exploration & Production Ltd (EOGEPL), was a keynote speaker at Gasification India 2018-Waste to Energy Conclave that was inaugurated in New Delhi on 29 November 2018. The two-day conference also features an exhibition where EOGEPL has put up a stall to showcase its leadership in the country’s unconventional energy space.
Mr Tawde joined other dignitaries, like Mr Anil Razadan, former Power Secretary; Mr Alok Perti, former Coal Secretary; and Naveen Jindal, Jindal Steel & Power, to light the inaugural lamp at the event . In his keynote address, he said: “Gasification has direct environmental, economic and social benefits. Essar is actively contributing to the gasification drive by enhancing CBM production, and is planning to begin shale gas exploration as well.”
At the event, EOGEPL was also honoured with ‘The Best CBM Operator’ award for developing CBM-Raniganj Block as a showcase of ‘Truly Sustainable Project’.
EOGEPL has commenced supplies of CBM gas from the Raniganj East block to GAIL in accordance with a 15-year supply contract that it recently signed with the PSU for offtake of its entire production from the block. Over the next couple of years, EOGEPL plans to drill a few exploratory and horizontal shale test wells in the block, where it has found very promising shale potential of 8 TCF, at an expected budget of $30 million. If these test wells are successful, the total investment, including post development and production, will be to the tune of $1 billion.