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Dart Energy calls force majeure on Rajmahal, Mand Raigarh
DART Energy, which now holds the global assets of Arrow Energy, today said it will withdraw from two coal bed methane blocks in India. Dart Energy has made a force majeure request to India’s federal government to withdraw from the Rajmahal CBM block,
in the eastern state of Jharkhand, due to ongoing social unrest, Gareth Quinn told Dow Jones Newswires.
The company is also in the process of relinquishing a CBM block at Mand
Raigarh in central India’s Chhattisgarh state, as it doesn’t have
sufficient production potential, Mr Quinn said.
Arrow Energy won the Jharkhand block in a consortium with Gail, Tata
Power and EIG Energy Infrastructure in 2006. It won the Chhattisgarh
block along with Gail India and EIG in the same year.
Source: Dow Jones
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