Oil India signs Memorandum of Understanding with University of Houston

 NEW DELHI, Oct 7: Oil India (OIL), an Upstream Oil & Gas PSU, with intent of augmenting its reserves base and maximising recovery from its aging oilfields, has entered into a Memorandum of Understanding with the University of Houston (USA), one of the leading universities on oil and gas of the world. The MoU was signed today in presence of Dharmendra Pradhan, Minister of State (I/C), Petroleum & tural Gas.

The MoU, amongst others, is focused to collaborate in the fields of Improved Oil Recovery & Enhanced Oil Recovery for production enhancement from matured fields, seismic interpretation & reservoir characterisation studies, improvement of drilling and well intervention practices and unconventiol hydrocarbon studies. It is envisaged that the collaboration will help OIL 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 will also contribute towards tiol obligation as set by Prime Minister to reduce import dependency of oil and gas by 10% by 2022. This was stated in a press release.