Oil India Limited (OIL), Indian government PSU has entered into a MOU with the University of Houston(USA).
The MoU 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 unconventional 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 national obligation as set by Prime Minister to reduce import dependency of oil and gas by 10% by 2022.
Located in the energy capital of the United States of America, home to the leading Oil & Gas operating companies and service providers, the University of Houston is a premier institute, involved in the quest of academic and translational excellence in the field of Oil & Gas through its outstanding faculty and research staff and has established well documented partnership with leading edge academia and industry subject matter experts.