Canada to offer India technologies for shale gas exploration: Veerappa Moily

[Aarush]

India is reportedly working with Canada to explore technologies for shale gas exploration in the country. “The premier of Province of Alberta, Canada is expected to offer Indian upstream companies like ONGC state-of-art fracking technologies, to develop the vast potential of shale in this country,” said Dr Veerappa Moily, Union Minister for Petroleum & Natural Gas, during the Petrotech 2014 event held in Greater Noida from January 12-15, 2014.

In exchange, Indian national oil & gas companies are expected to increase their investments and presence in the Canadian hydrocarbon sector. A term contract for Canadian crude is under finalisation by Indian Oil Corporation. Dr Moily informed that the Canadian government would consider Indian suggestion to review its investment norms to facilitate participation by Indian companies.

The Ministry also held bilateral meetings with ministerial delegations of Ecuador, Uganda, Sudan, and Azerbaijan to open up vast possibilities for cooperation in exploration (both offshore & onshore), petrochemicals, refineries, providing training to their oil & gas personnel, etc. A joint Indo-Ugandan working team is under formation to look into opportunities for cooperation in the newly opened up Ugandan hydrocarbon sector.

Similar opportunities are expected to be leveraged in Ecuador, especially in exploration of oil and gas, petrochemicals and urea. “Sudan and South Sudan are coming to terms with the emerging opportunities in global cooperation and Indian companies are tapping the potential opportunities. Two blocks have been offered to India,” informed Dr Moily. ONGC Videsh Limited is already present in Sudan in a big way and the future may see the presence expanding its frontiers.

Azerbaijan has also invited upstream Indian companies like ONGC to participate in its oil and gas industry and enable skill development in the new country. “It is a full cycle for skill development, as ONGC learnt the oil business from the former USSR, and now imparting the skills to Azerbaijan,” said Dr Moily. Indian Oil Corporation has a term contract for Azeri crude also while BPCL and HPCL too were keen to enter term contract for sourcing crude oil from Azerbaijan.

Canada to offer India technologies for shale gas exploration: Veerappa Moily | Business Standard

 

[fsayed]

India is reportedly working with Canada to explore technologies for shale gas exploration in the country. “The premier of Province of Alberta, Canada is expected to offer Indian upstream companies like ONGC state-of-art fracking technologies, to develop the vast potential of shale in this country,” said Dr Veerappa Moily, Union Minister for Petroleum & Natural Gas, during the Petrotech 2014 event held in Greater Noida from January 12-15, 2014.

In exchange, Indian national oil & gas companies are expected to increase their investments and presence in the Canadian hydrocarbon sector. A term contract for Canadian crude is under finalisation by Indian Oil Corporation. Dr Moily informed that the Canadian government would consider Indian suggestion to review its investment norms to facilitate participation by Indian companies.

The Ministry also held bilateral meetings with ministerial delegations of Ecuador, Uganda, Sudan, and Azerbaijan to open up vast possibilities for cooperation in exploration (both offshore & onshore), petrochemicals, refineries, providing training to their oil & gas personnel, etc. A joint Indo-Ugandan working team is under formation to look into opportunities for cooperation in the newly opened up Ugandan hydrocarbon sector.

Similar opportunities are expected to be leveraged in Ecuador, especially in exploration of oil and gas, petrochemicals and urea. “Sudan and South Sudan are coming to terms with the emerging opportunities in global cooperation and Indian companies are tapping the potential opportunities. Two blocks have been offered to India,” informed Dr Moily. ONGC Videsh Limited is already present in Sudan in a big way and the future may see the presence expanding its frontiers.

Azerbaijan has also invited upstream Indian companies like ONGC to participate in its oil and gas industry and enable skill development in the new country. “It is a full cycle for skill development, as ONGC learnt the oil business from the former USSR, and now imparting the skills to Azerbaijan,” said Dr Moily. Indian Oil Corporation has a term contract for Azeri crude also while BPCL and HPCL too were keen to enter term contract for sourcing crude oil from Azerbaijan.

Canada to offer India technologies for shale gas exploration: Veerappa Moily | Business Standard

we badly need this technology to reduce import bills

 

[Excelias]

Great news, any idea of ur shale oil reserves ?

 

[godofwar]

Even if we find shale oil in India we don't have enough water to extract it unfortunately.
Unless another method of extracting is found shale oil will remain a pipe dream for us.

 

[Aarush]

Great news, any idea of ur shale oil reserves ?

ONGC estimates India's shale gas reserve in the range of 500 to 2000 trillion cubic meters. The corporation has already planned to dig 30 shale gas exploratory wells across the country at the cost of Rs 600 crore by 2014-15. These explorations are expected to be carried out in alliance with ConocoPhilips, a US-based oil company that is leader in shale gas and deep-water exploration.

 

[IND151]

India is reportedly working with Canada to explore technologies for shale gas exploration in the country. “The premier of Province of Alberta, Canada is expected to offer Indian upstream companies like ONGC state-of-art fracking technologies, to develop the vast potential of shale in this country,” said Dr Veerappa Moily, Union Minister for Petroleum & Natural Gas, during the Petrotech 2014 event held in Greater Noida from January 12-15, 2014.

In exchange, Indian national oil & gas companies are expected to increase their investments and presence in the Canadian hydrocarbon sector. A term contract for Canadian crude is under finalization by Indian Oil Corporation. Dr Moily informed that the Canadian government would consider Indian suggestion to review its investment norms to facilitate participation by Indian companies.

The Ministry also held bilateral meetings with ministerial delegations of Ecuador, Uganda, Sudan, and Azerbaijan to open up vast possibilities for cooperation in exploration (both offshore & onshore), petrochemicals, refineries, providing training to their oil & gas personnel, etc. A joint Indo-Ugandan working team is under formation to look into opportunities for cooperation in the newly opened up Ugandan hydrocarbon sector.

Similar opportunities are expected to be leveraged in Ecuador, especially in exploration of oil and gas, petrochemicals and urea. “Sudan and South Sudan are coming to terms with the emerging opportunities in global cooperation and Indian companies are tapping the potential opportunities. Two blocks have been offered to India,” informed Dr Moily. ONGC Videsh Limited is already present in Sudan in a big way and the future may see the presence expanding its frontiers.

Azerbaijan has also invited upstream Indian companies like ONGC to participate in its oil and gas industry and enable skill development in the new country. “It is a full cycle for skill development, as ONGC learnt the oil business from the former USSR, and now imparting the skills to Azerbaijan,” said Dr Moily. Indian Oil Corporation has a term contract for Azeri crude also while BPCL and HPCL too were keen to enter term contract for sourcing crude oil from Azerbaijan.

Canada to offer India technologies for shale gas exploration: Veerappa Moily | Business Standard

thanks for info

 

[godofwar]

ONGC estimates India's shale gas reserve in the range of 500 to 2000 trillion cubic meters. The corporation has already planned to dig 30 shale gas exploratory wells across the country at the cost of Rs 600 crore by 2014-15. These explorations are expected to be carried out in alliance with ConocoPhilips, a US-based oil company that is leader in shale gas and deep-water exploration.

Link plzz

 

[Aarush]

Even if we find shale oil in India we don't have enough water to extract it unfortunately.
Unless another method of extracting is found shale oil will remain a pipe dream for us.

Agreed....in future it will get even worse due to reducing availability of fresh water, polluting rivers ...high time to put effort in rain water harvesting.
yes pipe dream unless there is some technological breakthrough, which doesn't need fresh water for exploration of shale oil..

Link plzz

ONCG to drill more wells in Cambay to explore shale gas - Moneycontrol.com

 

[airpower183]

Link plzz

link please on Tumblr

 

[godofwar]

India has recoverable shale gas reserves of around 90 TCF, which can satiate India's energy demand for 26 years.
Qouting from the article

 

[airpower183]

India has recoverable shale gas reserves of around 90 TCF, which can satiate India's energy demand for 26 years.
Qouting from the article

It's time for America to bring FREEDOM to india.

 

[Aarush]

India has recoverable shale gas reserves of around 90 TCF, which can satiate India's energy demand for 26 years.

in the same link ONGC estimated shale gas in the range of 500 to 2000 trillion cubic meter.. .
did they miss something ??

 

[Soms]

India has recoverable shale gas reserves of around 90 TCF, which can satiate India's energy demand for 26 years.
Qouting from the article

Even if we find shale oil in India we don't have enough water to extract it unfortunately.
Unless another method of extracting is found shale oil will remain a pipe dream for us.

I abhor the current extraction process! We seriously don't have that much spare water!

 

[kbd-raaf]

It's time for America to bring FREEDOM to india.

The US is the largest producer of oil in the world.

 

[kbd-raaf]

in the same link ONGC estimated shale gas in the range of 500 to 2000 trillion cubic meter.. .
did they miss something ??

He said recoverable. I.e economically viable.