ONGC and IOCL have approved an investment of Rs 8.23 billion for the production of coal bed methane (CBM) of the BK-CBM-2001/1 block in Jharkhand. ONGC’s share in this investment will be Rs 6.58 billion. The project envisages the production of 4.068 billion cubic metres of CBM in 20 years with a peak of 0.9 million metric standard cubic metres per day (mmscmd) and a plateau production of 0.75 mmscmd. Production is expected to commence during 2017-18. The project comprises the drilling of 141 wells with multilayer hydro-fracturing and the installation of three production facilities.