Under the aegis of Atmanirbhar Bharat, Indian Institute of Technology Kharagpur signed a MoU (Memorandum of Understanding) with Oil India Limited on research collaboration in the broader areas of Earth Sciences and Hydrocarbon Exploration.
The event was graced by Dr. Ranjith Rath, Chairman & Managing Director, Oil India Limited, senior officials of OIL, Prof. Virendra Kumar Tewari, Director, IIT Kharagpur, Prof. Amit Patra, Deputy Director, IIT Kharagpur and other senior professors of IIT Kharagpur.
The collaborative Research & Development (R&D) between both the organizations will invigorate industrial and inter-disciplinary research and training undertaken at Deysarkar Centre of Excellence in Petroleum Engineering at IIT Kharagpur in Upstream, Midstream and Downstream segments of the Oil and Natural Gas value chain entailing hydrocarbon exploration, development, production, reservoir management including IOR & EOR, pipeline transportation, sedimentary basin analysis, refining & process technology etc.
Further, Prof. V K Tewari accompanied by a team of professors will visit different exploration sites of Oil India to augment areas of research collaboration and project implementation.
Ranjit Rath, CMD, Oil India Limited remarked, “As a step towards its commitment of ensuring India’s energy security and making India less import dependent, OIL has adopted a 3-pronged strategy of enhanced exploration activities with leap of faith exploration acreage of 50,000 plus sqkm pan India; Mission 4+ to expedite & augment domestic production of crude oil & natural gas; and expand its alternate energy portfolio aimed at achieving Net Zero by 2040.”
Dr. Rath further added, “The MoU is a step towards Industry-Academia collaboration in advanced technologies in earth sciences and hydrocarbon exploration to cater to the growing demands of hydrocarbon exploration and extraction. Through this MoU, both OIL and IITKP will engage themselves in various joint research initiatives and advanced technology solutions in energy sector and other areas of mutual interest.”
