IndianOil and Oil India Ltd (OIL) entered in an agreement to collaborate on a CO2-assisted Enhanced Oil Recovery (EOR) project in Assam.
The two companies will develop Carbon Capture, Utilisation and Storage (CCUS) facility as an effective emissions mitigation tool to tackle the problem of climate change.
Injecting CO2 into oil reservoirs for effecting EOR provides a potentially attractive way to stimulate greater CCUS action to support climate change-related carbon storage objectives as well as improve oil-well productivity, an IndianOil statement said.
The company intends to transfer the CO2 captured from the flue-gas stacks of the Hydrogen Generation Unit & Gas Turbine power plant at the Digboi Refinery to OIL’s Nahorkatiya & Dikom oil fields in Assam, located 50-60 km from Digboi, it added.
Source: IBEF
Image Courtesy: ET
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