ONGC and Shell sign MoU

ONGC , Shell sign MoU for cooperation in studies

The collaboration shall focus on joint CO2 storage study and EOR screening assessment for key basins in India including depleted oil and gas fields, saline aquifers.


Thesynergyonline Corporate Bureau
NEW DELHI, ECEMBER 07 :

The State-owned oil and natural gas behemoth Oil and Natural Gas Corporation (ONGC) 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 EOR screening assessment for key basins in India including depleted oil and gas fields, saline aquifers.

ONGC, a Maharatna Central Public Sector Company of India, and Shell, a diversified international energy company in India, signed this MoU in Delhi on December 07 2022.

The MoU was signed by the Chairman of Oil and Natural Gas Corporation (ONGC) R K Srivastava and Chairman of Shell Group of companies in India Nitin Prasad in the presence of senior executives of both the companies.

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.

ONGC and Shell sign MoU
"Beholding the bright countenance of truth in the quiet and still air of delightful studies." ― John Milton