Page 8 - AsianOil Week 25 2022
P. 8
AsianOil SOUTH ASIA AsianOil
GEECL proceeds with shale
exploration programme
PROJECTS & INDIA’S Great Eastern Energy Corporation Ltd industrial customers in the Asansol-Durgapur
COMPANIES (GEECL) said this week that it was proceeding region via a dedicated pipeline and GEECL’s
with its shale gas exploration programme after gas-gathering station.
executing an amendment to its Petroleum Min- Modi was quoted by Upstream as saying that
ing Lease (PML). the company had all clearances in place, includ-
GEECL’s managing director and CEO, ing an environmental clearance. According to his
Prashant Modi, talked up the potential of the comments, GEECL is planning to start engaging
company’s resource at the Raniganj (South) with vendors that could help progress its shale
block, saying there could be up to 6.63 trillion gas plans.
cubic feet (188bn cubic metres) of original gas GEECL produces coal-bed methane (CBM)
in place. According to Modi, the company will from the Raniganj block in West Bengal, which
now make plans for initial core wells, and based spans 210 square km and is estimated to hold 9.25
on the results obtained from those, it will then tcf (262 bcm) of original gas in place. However,
progress to a development plan for drilling pilot in line with the energy transition, the company
production wells. is seeking to target cleaner sources of energy and
GEECL has previously said that it could reduce greenhouse gas (GHG) emissions.
invest up to $2bn in the development of shale Additionally, India is trying to boost domes-
gas at Raniganj (South). tic production of natural gas in the face of rising
Modi also noted that GAIL (India) was devel- demand and higher LNG prices.
oping a pipeline in the region, which is expected Modi described the PML amendment as a
to help GEECL deliver additional future pro- “significant milestone”, and said shale devel-
duction volumes to new markets and custom- opment represents an “exciting and excellent
ers. Raniganj (South) is already connected to growth opportunity for the company”.
SOUTHEAST ASIA
JGC Indonesia awarded EPC contract
for Akatara gas plant and pipeline
PROJECTS & JAPAN’S JGC Holding has announced that The Akatara field is undeveloped but fully
COMPANIES its subsidiary JGC Indonesia has won an engi- appraised. It is estimated to hold around 63.74bn
neering, procurement and construction (EPC) cubic feet (1.8bn cubic metres) of gas that can
contract from Jadestone Energy (Lemang) for a be processed and sold, plus 5.64mn barrels of oil
gas processing facility and a sales pipeline for the equivalent (boe) that can be processed into LPG,
onshore Akatara gas field. and 2.45mn barrels of condensate. Jadestone has
According to a statement released by JGC, said development of the field will displace coal in
the EPC services contract – provided for an Indonesia’s energy mix and also cut the compa-
undisclosed lump-sum amount – covers new ny’s own greenhouse gas (GHG) emissions.
gas, liquefied petroleum gas (LPG) and conden- Jadestone is active in several Southeast Asian
sate processing facilities with a capacity of 25mn countries. It acquired 90% of the Lemang PSC in
cubic feet (798,000 cubic metres) per day along June 2020 for $12mn and assumed the operator
with a 17-km sales pipeline. The project will be role. The company has stated that it will pursue
located in Jambi, South Sumatra, which is about low-cost development of Akatara by reusing
600 km north-west of Jakarta. The facilities are existing wells and infrastructure, including a
set to come into operation during the second half nearby gas pipeline. This approach will allow it to
of 2024. minimise the impact on the environment, it said.
Jadestone intends to supply the gas to JGC Group set up JGC Indonesia in the 1970s
Pelayanan Listrik Nasional Batam for power as an EPC company. As of January 1 of this year,
generation, a move that will enable the reduc- JGC Asia Pacific was established to promote
tion in the use of coal. LPG will also supply the regional management in Indonesia and the other
domestic market. Group subsidiaries in Southeast Asia.
P8 www. NEWSBASE .com Week 25 24•June•2022
