Our Bureau

Hyderabad, Sept. 10

OIL and Natural Gas Corporation Ltd has joined hands with National Geophysical Research Institute (NGRI), Hyderabad, and the Norwegian University of Science and Technology (NTNU), Trodheim, Norway, to carry out collaborative work to improve secondary recovery of oil from the Indian oilfields operated by ONGC.

Towards this initiative, a memorandum of understanding was signed recently at Oslo, Norway, by Mr V.P. Dimri, Director of NGRI, Mr N.K. Mitra, Director (Offshore), ONGC, and Professor Jon Kleppe, Head, NTNU, in the presence of the Union Petroleum and Natural Gas Minister, Mr Mani Shankar Aiyar.

According to an NGRI statement, the average oil recovery rate in India is barely about 25 per cent, which is much lower compared to what is achieved in Norway where over 60 per cent is extracted. Hence, this initiative was taken by NGRI to collaborate with NTNU, Norway, aimed at improving the productivity.

(This article was published in the Business Line print edition dated September 11, 2005)
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