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To realize its green energy objectives, Oil and Natural Gas Corporation Ltd (ONGC) has signed a Memorandum of Understanding (MoU) with Solar Energy Corporation of India (SECI).

About the project

• Through this program alone, ONGC could so far prevent approximately 20.48 MMSCM of methane gas leakages into the atmosphere with an environmental benefit of approximately 3 lac tons of CO2 Equivalent.
• Considering the strategic significance of CCUS technology towards transition to Net-Zero Emissions, ONGC is partnering with IOC for setting up a CCUS project for Enhanced Oil Recovery (EOR) from depleted oil fields.
• The project will utilize CO2 captured from IOC’s Koyali refinery for injecting in to the depleted reservoirs of Gandhar oil field in Gujarat.
• ONGC is also considering India’s first 200-300 MW demonstration Wind offshore power project for which feasibility study is carried out jointly with NTPC ltd.

About ONGC

• ONGC, India’s leading oil & gas company, has been pursuing green energy agenda through various alternatives and renewable sources of energy. It has set a target of producing a minimum of 10 GW of renewable power by 2040.
• ONGC is first non-American company to be a part of Global Methane Initiative (GMI).