News Release Details

IndianOil and OIL to collaborate on CO<sub>2</sub> - assisted Enhanced Oil Recovery
New Delhi 10-Jan-2020

IndianOil Chairman, Mr. Sanjiv Singh, signing MoU with Mr. SC Mishra, CMD, OIL, in the presence of Dr. SSV Ramakumar, Director (R&D), IndianOil; Mr. Akshay Kumar Singh, Director (Pipelines), IndianOil; Mr. SM Vaidya, Director (Refineries), IndianOil; Mr. PK Sharma, Director (Operations), OIL, and senior officials from IndianOil and OIL.

IndianOil, India's flagship energy major and Oil India Limited (OIL), the nation's premier E&P company, today signed an MoU for collaborating on a unique CO₂-Enhanced Oil Recovery (EOR) project in Assam.

IndianOil Chairman, Mr. Sanjiv Singh, executed the agreement alongside Mr. SC Mishra, CMD, OIL in the presence of Dr. SSV Ramakumar, Director (R&D), IndianOil; Mr. Akshay Kumar Singh, Director (Pipelines), IndianOil; Mr. SM Vaidya, Director (Refineries), IndianOil; Mr. PK Sharma, Director (Operations), OIL, and senior officials from IndianOil and OIL.

The two mega corporates intend to collaborate in developing Carbon Capture, Utilisation and Storage (CCUS) as an effective emissions mitigation tool to combat climate change. Injecting carbon dioxide (CO₂) into oil reservoirs for effecting Enhanced Oil Recovery (EOR) offers a potentially attractive way to spur greater CCUS action to support climate change-related carbon storage objectives as well as improve oil-well productivity.

It is proposed that CO₂ captured from the flue-gas stacks of Hydrogen Generation Unit & Gas Turbine power plant at Digboi Refinery will be transferred to the Nahorkatiya & Dikom oil fields of OIL in Assam, located approximately 50 - 60 km from Digboi.

Speaking on the occasion, Mr. Sanjiv Singh said, "Enhanced oil production from depleting wells using CO₂ captured from refineries is a pioneering initiative in India. Expeditious implementation should be ensured to quickly exploit & scale up this initiative."

Addressing the dignitaries, Mr, SM Vaidya asserted that, "Carbon capture for EOR extends the productivity of mature oil fields and is in line with our Prime Minister's clarion call for reducing crude oil imports. It is also a step in the direction of mitigating 'climate emergency' that our planet faces."

(Kalikrishna M)
Executive Director (Corporate Communications)
Indian Oil Corporation Limited
Corporate Office
New Delhi

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The term User shall refer to the user who is browsing the site. The term IndianOil shall refer to Indian Oil Corporation Limited. The term Site refers to www.iocl.com owned and monitored by IndianOil.
By using the Site, you agree to follow and be bound by the following terms and conditions concerning your use of the Site. IndianOil may revise the Terms of Use at any time without notice to you. Areas of the Site may have different terms of use posted. If there is a conflict between the Terms of Use and terms of use posted for a specific area of the Site, the latter shall have precedence with respect to your use of that area of the Site.
IndianOil may terminate User's access at any time for any reason. The provisions regarding to disclaimer of warranty, accuracy of information, and indemnification shall survive such termination. IndianOil may monitor access to the Site.
All content present on this site is the exclusive property of IndianOil. The software, text, images, graphics, video and audio used on this site belong to IndianOil. No material from this site may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from IndianOil. All rights not expressly granted herein are reserved. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. IndianOil is a registered trademark of Indian Oil Corporation Ltd. This trademark may not be used in any manner without prior written consent from IndianOil.
IndianOil does not make any warranties, express or implied, including, without limitation, those of merchantability and fitness for a particular purpose, with respect to any information, data, statements or products made available on the Site.
The Site, and all content, materials, information, software, products and services provided on the Site, are provided on an "as is" and "as available" basis. IndianOil expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.
IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.
In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.
User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
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