ONGC will set up 280 wells across 400 sq km area for drilling coalbed methane in Jharkhand as the Raghubar Das government assured allotment of land to the public sector unit.
Each well would require 1.7 acre land, ONGC Chairman-cum-MD Dinesh Kumar Sarraf informed the state CM during a meeting about the project today.
An official release said the wells would come up at North Karanpura, Bokaro and Jharia and coal bed methane would be generated in 15 to 20 years.
The state would get royalty to the tune of Rs 720 crore approximately, the release said quoting Sarraf.
Das said the state would appoint a nodal officer and would allot land and adequate security forces for the ONGC project.
Coalbed methane is a form of natural gas extracted from coal beds.
