India to postpone shale round until 2013

India has been planning to begin its first shale round since 2011, but has once again delayed the event until 2013. S Jaipal Reddy, India’s Petroleum Minister has said that: “We are pursuing the development of shale gas in the country. We have undertaken the mapping of shale gas regulatory regime for licensing round in shale gas by December 2013.”

The Indian government has picked out six key basins that it wishes to make available for shale exploration, these are: the Cambay, Assam-Arakan, Gondawana, KG onshore, Cauvery onshore and Indo Gangetic basins.

India has estimated shale reserves of 137 billion t, however only 10 – 15% of this is believed to be recoverable (15 billion t). The Directorate General of Hydrocarbons (DGH), the Indian upstream regulatory body, is in the process of arranging the resource assessment and policy framework and identifying acreage for auction.

Read the article online at: https://www.worldpipelines.com/business-news/14022012/india_to_delay_shale_round_to_2013/