Public sector company of India, Oil and Natural Gas Corporation (ONGC) has signed a memorandum of understanding (MoU) with global petroleum company, Shell, for cooperation in carbon capture, utilisation and storage (CCUS) studies. The collaboration shall focus on joint CO2 storage study and EOR (multi-decision making) screening assessment for key basins in India including depleted oil and gas fields and saline aquifers.
The MoU is aimed at developing CCUS/CCS as an emissions mitigation tool for combating climate change and injecting CO2 for geological storage as well as enhanced oil production from mature fields of ONGC.
