India's ONGC, Shell sign MoU on CCUS
Indian state-owned energy company ONGC has signed a MoU with Shell for cooperation in carbon capture, utilisation and storage (CCUS) studies, it said on December 7 in a stock exchange filing.
The collaboration will focus on a joint CO2 storage study and EOR screening assessment for "key basins" in India including depleted oil and gas fields, saline aquifers.
ONGC said that 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 its mature fields.