ONGC, Shell to collaborate on CCUS studies
Indian state-owned Oil and Natural Gas Corporation Limited (ONGC) has entered into a memorandum of understanding (MoU) with Shell to collaborate on carbon capture, utilization, and storage (CCUS) studies.
The partnership will be centered on joint CO2 storage study and screening assessment of enhanced oil recovery (EOR) for major basins in India including depleted oil and gas fields and saline aquifers.
ONGC, Shell to collaborate on CCUS studies. Photo courtesy of Oil and Natural Gas Corporation Limited.
Through the MoU, ONGC and Shell will look to develop CCUS/CCS as an emissions mitigation tool for fighting climate change and injecting carbon dioxide (CO2) for geological storage and enhanced oil production from mature fields of the Indian firm.
The MoU was inked by R K Srivastava, who is ONGC CMD and Nitin Prasad, who is the chairman of Shell Group of companies in India.