Oil and Natural Gas Corporation (ONGC) has signed a 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.
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 is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.
Company Name | CMP |
---|---|
ONGC | 282.05 |
Oil India | 611.20 |
Jindal Drilling&Inds | 810.00 |
Hind Oil Exploration | 198.05 |
Deep Industries | 295.00 |
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