INTRODUCING THE NEW INDIAN LINK RADIO APP FOR IPHONE, IPAD AND ANDROID

Research Institute, a sustainable energy think-tank based at UNSW which connecting engineers, scientists, economists and policy experts, both Pinczewski and Rahman believe.

Naturally found in Earth’s sub-surface, hydrocarbons are currently the primary source of energy supply. The extraction of liquid hydrocarbon fuel (otherwise known as petroleum) from sedimentary basins is integral to modern energy development.

It has been estimated that a large proportion of the world’s proven oil reserves are found in naturally fractured reservoir rocks.

A subset of naturally fractured reservoirs, basement reservoirs has been exploited for a while now. Since the late nineties however, there has been marked increase in interest largely due to inflated oil prices that have forced researchers to delve deeper into alternative methods that were previously deemed uneconomical. As well technology for accessing remote oil sources has improved, particularly drilling methods, sophisticated down-hole tools and seismic techniques.

The MoU will benefit ONGC significantly as well. With its ever-increasing population, India is facing acute energy shortages. Tapping into existing but hitherto unidentified and under-utilised resources like basement reservoirs could be a welcome addition. Since oil discovery in 1974, ONGC has made substantial investments for additional development works at the western shelf. The basin is the largest in India and includes Mumbai High, Bassein and Heera and Neelam producing fields.

With ONGC recently striking new reserves off Mumbai coast, perhaps the biggest ever so far, SCOPE is already looking to closely collaborate on the new development as well.