After a decade of exploration and research by the oil agencies, Bengal finally seems to find a place on the oil Map of the world. Union Minister of Steel, petroleum, and natural gas Dharmendra Pradhan has confirmed the commercial viability of the oil and gas reserve in Ashoknagar of North 24 Parganas, Just 47 Km away from Kolkata. Which was discovered in 2018.
For the Past few years the stakeholders have kept their excitement at bay as several similar claims of the ‘black gold’ in the Sunderbans near Bay of Bengal. Which was later turned down due to its commercial unavailability.
But on Thursday, the announcement by the petroleum minister has revived the interest of the stakeholders again. He said, “going by the experts”, the ONGC find, “can be commercially exploited”. and also mentioned that the samples exploited from the site now has been taken to Indian Oil’s Haldia refinery for further analysis.
As per the sources, the capacity of the block could be near about one lakh cubic meter per day of gas and equal quantity of oil in liters. The eastern region has a huge potential for coal bed methane (CBM) reserves. The CBM players in Bengal, Essar oil and gas exploration and great eastern energy will soon start exploration of shale gas once they receive green signal from the Petroleum ministry