 "An Oil and Natural Gas Corp's (ONGC) well is pictured in an oil field on the outskirts of Ahmedabad")
Public sector giant Oil India Limited (OIL), an upstream oil and gas company, has entered into an understanding with Houston University of the United States. The Memorandum of Understanding (MoU), said OIL, had been signed with the intent to augment the company’s reserve base and maximize recovery from its ageing oilfields.
The University of Houston is regarded as one of the leading universities on oil and gas research in the world. The MoU was signed yesterday in the presence of Union Petroleum Minister Dharmendra Pradhan in New Delhi.
Company sources from OIL said the MoU, amongst others, was focused to collaborate in the fields of improved and enhanced oil recovery for production enhancement from matured fields. The MoU would also focus on seismic interpretation and reservoir characterisation studies, improvement of drilling and well intervention practices and unconventional hydrocarbon studies.
The collaboration between Houston University and OIL is expected to help the latter to further consolidate and upgrade the various initiatives the company has undertaken to improve production and contribute significantly to the energy security of the country. This would also contribute towards national obligation as set by the Prime Minister to reduce import dependency of oil and gas by 10 per cent by 2022.
Located in the energy capital of the United States of America, which is home to the leading oil and gas operating companies and service providers, the Houston University is a premier institute, involved in the quest of academic and translational excellence in the field of oil and gas through its outstanding faculty and research staff and has established well documented partnership with leading edge academia and industry subject matter experts.
