Oil and Natural Gas Corp. Ltd (ONGC), India’s largest crude oil and natural gas company, has signed a memorandum of understanding (MoU) with global petroleum giant Shell for cooperation in carbon capture, utilization and storage (CCUS) studies.
The collaboration shall focus on joint CO2 storage study and enhanced oil recovery (EOR) screening assessment for key basins in India, including depleted oil and gas fields, and saline aquifers.
“The MoU is aimed at developing CCUS/CCS as an emissions mitigation tool for combating climate change and injecting carbon dioxide (CO2) for geological storage as well as enhanced oil production from mature fields of ONGC,” stated ONGC.
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