Founded | 1992 |
---|---|
Headquarters | Asansol, West Bengal, |
Website | www |
Great Eastern Energy Corporation Limited is a Coalbed methane (CBM) production company, located in Asansol district of West Bengal. With two CBM blocks, one in Raniganj, West Bengal, and the other in Mannargudi, Tamil Nadu. Great Eastern Energy Corporation has played an important role in providing methane gas. [1] The wells dug in the respective blocks are well connected with gas gathering stations and the gas is fed into its dedicated steel pipeline network to maintain the supply.
It provides compressed natural gas through an agreement with Bharat Petroleum Corporation Limited and Indian Oil Corporation Limited.
It was founded in the 1990s. In 1993, the company entered into a memorandum of understanding with Coal India Limited. Followed by this, it carried out core-hole exploration as well as commercial viability tests. As the growth of the company progressed, it signed a Production Sharing Contract with the Ministry of Petroleum and Natural Gas and a petroleum exploration license with the Government of West Bengal in 2001.
Initiating towards first production with three wells, the company struck gas in the first well by 2004. From that time, the company has been active in drilling wells and now claims to have two blocks (Raniganj South block and Mannargudi block). [2]
• Raniganj North Block: 1. Block has 2.6244 TCF gas in place 2. 156 drilled wells 3. Dedicated Pipeline of 77.62 km through the Asansol-Durgapur industrial belt
• Mannargudi Block: 1. It has 0.98 TCF Gas in place 2. Single seam up to 80m 3. Plan to initially drill 50 core wells and 30 pilot production wells
On 23 September 2015 - Prashant Modi [3] - Great Eastern Energy Corp Ltd (GEECL) announced the appointment of Prashant Modi as its new Managing Director and Chief Executive Officer. [4]
Prashant Modi was President and Chief Operating Officer of the company which produces natural gas from coal seams (coal bed methane or CBM) in West Bengal.[ citation needed ]
Prashant Modi takes over the new role from his father, Yogendra Kumar Modi, who was the Chairman and CEO of the company.[ citation needed ]
Other Officers
As the only Indian company to have its primary listing on London Stock Exchange, GEECL managed to establish its reputation on a global level. The revenue of the company in 2010 was $2.47 million, which has increased to $33.79 million in 2014. Along with this, GEECL has also reflected a growth in Earnings per share, from -$0.148 in 2010 to $0.17 in 2014. [5] On 21 April 2023 GEECL voluntarily delisted from the London Stock Exchange, stating that the volume of trading of the GDRs on the LSE was negligible and did not justify the costs related to such listing and trading.
Coalbed methane, coalbed gas, or coal seam gas (CSG) is a form of natural gas extracted from coal beds. In recent decades it has become an important source of energy in United States, Canada, Australia, and other countries.
Asansol is a city in the Indian state of West Bengal. It is the second largest city in West Bengal. It is the 33rd largest urban agglomeration in India by population. Asansol is the district headquarters of Paschim Bardhaman district. According to a 2010 report released by the International Institute for Environment and Development, a UK-based policy research non-governmental body, Asansol was ranked 11th among Indian cities and 42nd in the world in its list of 100 fastest-growing cities. Asansol is classed as a Y-category city for calculation of HRA for public servants making it a "Tier-II" city.
Belebathan is a census town in the Raniganj CD block in the Asansol Sadar subdivision of the Paschim Bardhaman district in the state of West Bengal, India.
Mari Petroleum Company Limited (MPCL) (Urdu: مری پیٹرولیم) is a Pakistani petroleum exploration and production company based in Islamabad, Pakistan. The company is controlled by the Fauji Foundation with 40 percent shares.
China United Coalbed Methane Corp., Ltd. (CUCBM), also known as China CBM, is state-owned company in China, which had exclusive rights until 2010 to explore, develop and produce coal mine methane in cooperation with overseas companies. The company was established in 1996.
Egara is a census town in Raniganj CD block in the Asansol Sadar subdivision of the Paschim Bardhaman district in the Indian state of West Bengal.
Asansol Sadar subdivision is an administrative subdivision of the Paschim Bardhaman district in the state of West Bengal, India.
Essar Group is an Indian multinational conglomerate company, founded by Shashi Ruia and Ravi Ruia in 1969. The company, known as Essar Global Fund Limited (EGFL), owns a variety of assets in the core sectors of energy, infrastructure & logistics, metals & mining, technology, and retail. EGFL holds a nearly 100% stake in all its investments.
Shale gas is an unconventional natural gas produced from shale, a type of sedimentary rock. Shale gas has become an increasingly important source of natural gas in the United States over the past decade, and interest has spread to potential gas shales in Canada, Europe, Asia, and Australia. One analyst expects shale gas to supply as much as half the natural gas production in North America by 2020.
New Exploration Licensing Policy (NELP) was conceptualised by the Government of India, during 1997-98 to provide an equal platform to both Public and Private sector companies in exploration and production of hydrocarbons with Directorate General of Hydrocarbons (DGH) as a nodal agency for its implementation. It was introduced to boost the production of oil and natural gas and providing level playing field for both public and private players.
Raniganj Coalfield is primarily located in the Asansol and Durgapur subdivisions of Paschim Bardhaman district of West Bengal. It spreads over to the neighboring districts of Birbhum, Bankura, Purulia and to Dhanbad district of Jharkhand.
Raniganj is a community development block that forms an administrative division in Asansol subdivision of Paschim Bardhaman district in the Indian state of West Bengal.
The Barddhaman–Asansol section is a railway line connecting Bardhaman and Asansol. This 106 kilometres (66 mi) track is part of the Howrah–Delhi main line, Howrah–Gaya–Delhi line and Howrah–Allahabad–Mumbai line. It is under the jurisdiction of Eastern Railway, and is connected to the South Eastern Railway through Asansol–Adra line at Asansol Jn and Kalipahari–Damodar connector at Kalipahari.
The 2017 production of coalbed methane in the United States was 0.98 trillion cubic feet (TCF), 3.6 percent of all US dry gas production that year. The 2017 production was down from the peak of 1.97 TCF in 2008. Most coalbed methane production came from the Rocky Mountain states of Colorado, Wyoming, and New Mexico.
Charanpur is a village in the Paschim Bardhaman district of West Bengal, India, about 9 kilometres (5.6 mi) from the industrial town of Asansol.
The Kaveri delta coal-bed methane extraction project is a series of projects to extract methane gas and hydrocarbon from coal-bed by using hydraulic fracturing in the Kaveri river basin in Tamil Nadu, India. The extraction projects faced series of opposition from the farmers, environmentalists, and experts as exploration areas covering Nagapattinam, Thanjavur and Thiruvarur districts which are the major rice cultivating area of Tamil Nadu.
Cove Energy plc, also known as Cove, was a London-headquartered oil and gas exploration company with assets in East Africa. The company was created in June 2009. In 2012, following significant gas discoveries offshore Mozambique, Royal Dutch Shell and PTT Exploration and Production (PTTEP), a subsidiary of Thailand's national oil company PTT Public Company Limited, engaged in a prominent bidding war to acquire Cove. Ultimately, the company was sold in August 2012 to PTTEP.
Bangladesh is the sixteenth-largest producer of natural gas in Asia. Gas supplies meet 56% of domestic energy demand. However, the country faces an acute energy crisis in meeting the demands of its vast and growing population. Bangladesh is a net importer of crude oil and petroleum products. The energy sector is dominated by state-owned companies, including Petrobangla and the Bangladesh Petroleum Corporation. Chevron, ConocoPhillips, Equinor, Gazprom and ONGC are major international companies engaged in Bangladesh's hydrocarbon industry, with Chevron's gas fields accounting for 50% of natural gas production.
Asansol Municipal Corporation (AMC) (আসানসোল পৌরনিগম) is the civic body that governs Asansol in Asansol Sadar subdivision of Paschim Bardhaman district, West Bengal, India.
Paschim Bardhaman district is a predominantly urban mining-industrial district in West Bengal. The headquarter of the district is Asansol. It was formed on 7 April 2017 after bifurcation of the erstwhile Bardhaman district as the 23rd district of West Bengal.