Oil and Natural Gas Corporation (ONGC) has inked pact with Super Wave Technology for doing research on alternative technology for hydraulic fracturing. With this partnership, ONGC will provide assistance to SWTPL for developing Shock Wave Assisted Fracking Technology, an alternate to the conventional hydraulic fracturing which if proven effective as a substitute to hydraulic fracturing, in particular for shale gas exploitation, will be a game changer for the oil & gas industry.
Super Wave Technology (SWTPL) is a company incorporated by Society for Innovation and Development, Indian Institute of Science, Bangalore.
ONGC is an Indian multinational oil and gas company headquartered in Dehradun, India. It is India’s largest oil and gas exploration and production company. It produces around 69% of India's crude oil (equivalent to around 30% of the country's total demand) and around 62% of its natural gas.
