Global Service Providers to Help India in Shale Exploration

Global oil and gas field services majors Schlumberger and Halliburton are likely to be technology partners for India in its ambitious programme to explore shale gas from next year.

“Indian government and the two close competitors headquartered in the American industrial city Houston, Texas have informally explored the possibility of technology transfers to state-owned oil companies here,” a source privy to the development told Financial Express.

The source further pointed to the newspaper that technology transfer will happen once the blocks are licensed to operators.

India and the US last month agreed to promote clean and energy-efficient technologies through a bilateral partnership, and expanded cooperation with the private sector. The US has also agreed to cooperate with India’s assessment and exploration of shale gas reserves and in conducting research.