October 16, 2026: Essar Oil & Gas Ltd. (formerly known as Essar Oil and Gas Exploration and Production Ltd. or EOGEPL), one of India’s leading Coal Bed Methane (CBM) producers, has been awarded five new CBM blocks through the Government of India’s Special CBM (SCBM) Bid Rounds 2025 and 2026. The blocks add ~1,281 sq. km. of new acreage across West Bengal, Madhya Pradesh and Telangana, with an estimated 6.6 TCF of gas-in-place resources.

The contracts for the SCBM-2025 and SCBM-2026 Bid Rounds were formally signed on October 15, 2026, at a ceremony chaired by Hardeep Singh Puri, Minister of Petroleum & Natural Gas, Government of India. The signing marks an important step in the Government’s efforts, through the Ministry of Petroleum & Natural Gas (MoPNG) and the Directorate General of Hydrocarbons (DGH), to unlock India’s unconventional hydrocarbon potential, attract investment and strengthen domestic exploration and production.

The two newly awarded blocks in the Raniganj region of West Bengal, together spanning approximately 330 sq. km., will expand Essar Oil & Gas’ existing ~500 sq. km. Raniganj East footprint to around 830 sq. km. The proximity of the new blocks to the Company’s existing producing asset will create significant synergies in infrastructure, operations and technical capabilities, enabling the development of an integrated CBM producing field that is expected to become the largest CBM producing field in India.

The Singrauli block in Madhya Pradesh further strengthens Essar Oil & Gas’ presence in an established CBM region, providing an opportunity to leverage the broader ecosystem associated with CBM development in the basin. The blocks in Telangana’s Godavari Valley mark an expansion into a new CBM geography, allowing Essar Oil & Gas to apply its established expertise to developing new resource areas.

(Source: Millenium Post)