Oil & Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation (ONGC) is planning to spend Rs 3,500 crore in extracting gas lying below coal seams (CBM) in three coal-bed methane blocks in eastern India. The State-owned company will drill over 350 wells in three blocks in Jharia, Bokaro and North Karanpur in Jharkhand.

A fourth block in Ranigajan North in West Bengal may be relinquished as it may fall in way of a planned air-strip. The company board has approved an investment of Rs 1,200 crore in the Bokaro block to produce a peak gas of 0.7 mmscmd.

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.