(FE)
Oil India Limited (OIL) has signed an MoU with the University of Houston (UH), with the “intent” of augmenting its reserves base and maximising recovery from its ageing oilfields. The MoU was inked on Tuesday in the presence of Petroleum & Natural Gas Minister Dharmendra Pradhan.
MOU was signed by Utpal Bora, CMD, OIL and University of Houston, represented at the signing ceremony by UH Chancellor and President Renu Khator. Terming the MoU as historic, Pradhan said that this will go a long way for pilot study of CO2 capture technology application in Assam oil fields. “Innovation, institutional hand-holding and scientific temperament is the way ahead for oil and gas sector’s growth”. If there is good strategy, innovative technology and willpower, a good ecosystem can be formed that will help in more oil recovery from the oilfields,” Pradhan said. The major focus of the MoU is collaboration in the areas of Improved Oil Recovery and Enhanced Oil Recovery (EOR) for augmenting the production from matured fields, improvement in drilling and well intervention practices, seismic interpretation and reservoir characterisation studies, and unconventional hydrocarbon studies.
