ONGC, Shell enter carbon capture MoU

Offshore staff

NEW DELHI, India – ONGC and Shell signed a memorandum of understanding (MoU) last week for cooperation in carbon capture, utilization and storage (CCUS) studies.

The focus will include a joint CO₂ storage study and EOR screening assessment for certain basins in India including depleted oil and gas fields and saline aquifers.

ONGC seeks to develop CCUS/CCS as an emissions mitigation tool, through injecting CO₂ for geological storage, and for enhanced oil production from its mature fields.

12.12.2022