ONGC will set up 280 wells across 400 sq km area for drilling coalbed methane in Jharkhand. Coalbed methane is a form of natural gas extracted from coal beds. The wells will come up at North Karanpura, Bokaro and Jharia and coal bed methane will be generated in 15 to 20 years. Each well will require 1.7 acre land and for that Jharkhand state will get royalty to the tune of around Rs 720 crore as the state government has assured allotment of land to the public sector unit.
ONGC is an Indian multinational oil and gas company headquartered in Dehradun, India. It is India’s largest oil and gas exploration and production company.
