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Deep Energy Resources’ arm selected as CBM Developer for Jharia CBM Block-I

21 Sep 2021 Evaluate

Deep Energy Resources’ subsidiary -- Prabha Energy (PEPL) is selected as Coal Bed methane (CBM) Developer for Jharia CBM Block-I (Jharia Coalfield, BCCL Leasehold Area) through International Competitive bidding. PEPL is focusing on CBM Exploration & Production business and is also having 25% participating interest along with Joint Operatorship in North Karanpura CBM block which is currently under advanced development phase. It has expertise in upstream, midstream and downstream activities relating to exploration and production of Coal Bed Methane.

Deep Energy Resources provides oil and gas field services. The company offers equipment supply and rental, operation and maintenance, and turnkey projects execution, and drilling rig services.


Peers
Company Name CMP
ONGC 224.90
Oil India 443.80
Jindal Drilling&Inds 571.45
Deep Industries 745.50
Asian Energy Service 455.10
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