31 Aug 2018 However, the government needs to comprehensively regulate the fracking process for developing a sustainable shale gas exploration resources Shale oil: the next energy revolution. The long term impact of shale oil on the Large net oil importers such as India and Japan Significant exploration and. 30 Jan 2018 Not one foreign oil company showed any interest in auction for 55 blocks failed to learn from the stunning success of the US shale revolution. 14 Jan 2015 It involves horizontal drilling and the hydraulic fracturing (or fracking) of underground rock formations containing deposits of crude oil that are 17 May 2013 exploration activities begun in shale formations in a number of other countries, including Algeria,. Argentina, Australia, China, India, Mexico, In some cases, this fast expansion has resulted in natural gas drilling
The policy allows ONGC and Oil India Ltd. to explore shale gas and oil in their nomination blocks. The EIA (Energy Information Administration)—US federal authority on energy statistics and analysis, has revised India’s shale gas estimates of recoverables from 63 trillion cubic feet (TCF) The contract for the implementation of the oil shale project was signed in September, 2007 between DGH and a consortium comprising BRGM, France and MECL, India. The project envisages assessment of oil shale resources in three discrete adjacent blocks, covering a total area of about 250 sq.km. in the states of Assam and Arunachal Pradesh.
A complication to shale gas in India is that the government-issued leases for conventional petroleum exploration do not include unconventional sources such as shale gas. However, this policy now has been changed under the Hydrocarbon exploration and licensing policy, which provides a uniform license for exploration of conventional and unconventional oil and gas resources and includes private participation. Only shale formations with certain characteristics will produce gas and oil. The Government of India has carried out studies through various national and international agencies for the identification of shale oil and gas resources in the country. Therefore, in this scenario where India’s energy needs are growing and with the advent of new technologies, this is the right time to explore and exploit shale gas and other unconventional Oil and Natural Gas Corporation and Oil India have already spent Rs 199.47 crore on shale gas exploration in the country.
According to the Energy Information Administration report, India's shale gas shale gas reserve potential could be upgraded with further exploratory drilling.
Therefore, in this scenario where India’s energy needs are growing and with the advent of new technologies, this is the right time to explore and exploit shale gas and other unconventional Oil and Natural Gas Corporation and Oil India have already spent Rs 199.47 crore on shale gas exploration in the country. Shale Gas in India. Shale refers to a sedimentary rock resulted from compaction process of small old rocks containing mud and minerals – such as quartz and calcite, trapped beneath the earth surface. The shale gas is the natural gas trapped within these shale rocks.