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Shale exploration acreages to be available from next yr

The Directorate General of Hydrocarbon (DGH) on Saturday said that shale gas exploration acreages in the country will be available from next year.

twitter-logo PTI   Mumbai     Last Updated: August 28, 2010  | 15:42 IST

The Directorate General of Hydrocarbon (DGH) on Saturday said that shale gas exploration acreages in the country will be available from next year.

At present, the Ministry of Petroleum is working on a shale gas regime to find out the most suitable one for the country.

"We are expecting that by next year shale gas exploration acreages will be given. Currently, we are also working to find out a better shale gas regime. This shale gas regime will be a win-win situation for all," DGH's Director General Sunil Kumar Srivastava said.

Areas such as Cambay basin, Krishna-Godavari basin and Assam-Arakan basin are considered as most prospective areas for shale gas exploration, he said.

However, Srivastava said that given the variability of shale across India, a rapid pace of source development would probably come only after successful explorations in the initial basins.

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