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Research institute to help Indian firms explore new oil and gas reserves

08th January 2014

Indian oil companies seek partnerships with government-owned research institute to explore oil and gas reserves

Research institute to help Indian firms explore new oil and gas reserves
India is estimated to have 96 tcf of recoverable shale gas reserves

Indian oil companies including Oil and Natural Gas Corporation (ONGC), Oil India (OIL) and Cairn India are seeking partnerships with the state-owned CSIR-National Geophysical Research Institute to unlock additional pockets of oil and gas in the BRIC country, The Hindu Business Line reported on Tuesday.

 

ONGC is seeking a tie-up with CSIR to explore new gas reserves which are trapped under basalt rock formation. “Basically, this tie-up will be in the form of sharing the large wealth of geophysical data we have on basalt rock formations. Through this, we could look for oil reserves that are trapped below these rocks,” the report quoted Mrinal Sen, director of the institute, as saying.

 

OIL is keen on collaborating with CSIR to establish a joint research institute for seismic reservoir characterisation. Sen added: “The proposed institute will be engaged in the mapping of new hydrocarbon reserves, both onshore and offshore, and their seismic vulnerability. We are confident of signing the memorandum of understanding within six months.”

 

On the topic of assisting Cairn India in shale gas exploration, Sen said: “Cairn has shown interest in teaming up with us in this regard. We have acquired some new expertise in 3D surveys that can help locate shale reserves.”

 

India is estimated to have approximately 96 trillion cubic feet (tcf) of recoverable shale gas reserves. Following the government’s decision to open shale gas exploration for state-owned oil and gas companies, ONGC initiated shale gas drilling operations in November last year.