Oil and Natural Gas Corporation Limited (ONGC) has signed an MOU with Shell to collaborate in Carbon Capture, Utilization and Storage studies.
This MoU was signed in Delhi by ONGC, a Maharatna Central Public Sector Company of India and Shell, one of India’s most diversified international oil companies, on 7/12/2022.
The collaboration will focus on a CO2 storage study, enhanced oil recovery (EOR) screening assessment, for key basins in India that include depleted oil and gas fields and saline aquifers.
In the presence of senior executives from both companies, R K Srivastava, CMD of ONGC, and Nitin Prasad CEO of Shell India signed the MoU.
This MoU is aimed to develop CCUS/CCS for emissions mitigation and injecting carbon dioxide (CO2) into geological storage. It also enhances oil production from mature ONGC fields.
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