Milestones
Year |
Milestones |
1993 |
- Entered into a MOU and licence agreement with Coal India Limited.
|
1994 |
- Paid a signature bonus of INR 10.0 million (over US $ 300,000) to Coal India Limited.
|
1995-98 |
- Carried out core-hole exploration and commercial viability tests.
|
2001 |
- Contract for exploration and production of Coal Bed Methane signed with Ministry of Petroleum & Natural Gas.
- Petroleum Exploration License signed with West Bengal Government.
|
2002 |
- Started pilot production program of 3 wells.
|
2004 |
- Struck gas in the first well. By July 2004, gas observed in all 3 existing pilot wells.
|
2005 |
- Completed an offering of GDRs to become the first Indian company to list on AIM.
|
2006 |
- Commenced drilling of 20 wells, in addition to the Company's 3 pilot wells which were completed in 2004.
|
2007 |
- First group of 23 wells, including the 3 pilot wells, completed.
- First company to commercially market CBM in India.
- Signed a franchise agreement with Indian Oil Corporation Limited to supply CNG.
- Delivery of first drilling rig.
|
2008 |
- Started drilling an additional 30 wells.
- West Bengal Government granted the mining lease for the Raniganj (South) block.
- Successfully commissioned Gas Gathering Station (GGS).
|
2009 |
- Successfully commissioned Central Gathering Station (CGS).
- Completed the pipeline from the GGS to the CGS in Asansol.
- Completed the pipeline from the CGS to Kulti.
- Completed pipeline from the CGS to Durgapur.
|
2010 |
- Signed a franchise agreement with Bharat Petroleum Corporation Limited to supply CNG.
- Shifting of GDRs from AIM to the Main Market of the London Stock Exchange.
- Awarded the Mannargudi block under the CBM - IV licensing round.
- Contract for exploration and production of Coal Bed Methane for the Mannargudi block signed with the Ministry of Petroleum & Natural Gas.
|
2011 |
- Delivery of Second drilling rig.
- Petroleum Exploration License signed for the Mannargudi block with Tamil Nadu Government.
- GEECL became the first CBM Company in India to receive the Quality, Health & Safety and Environment certification (ISO 9001:2008, OHSAS 18001:2007, ISO 14001:2004) by TUV NORD CERT GmbH for its operations in the Raniganj (South) block and for its Corporate Office at Gurugram.
|
2012
|
- Deviated drilling successfully commissioned.
2018
|
- OGIP increased from 2.62 TCF to 9.25 TCF for the Raniganj (South) block.
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