Oil India Limited signs MoU with University of Houston

Posted on:06 Oct 2016 18:00:42
Oil India Limited signs MoU with University of Houston
06 October 2016 Current Affairs: Oil India Limited (OIL) has signed Memorandum of Understanding (MoU) with the University of Houston (USA), one of the leading universities on oil and gas of the world on 5 October 2016.

The MoU was signed by OIL with an intent of augmenting its reserves base and maximising recovery from its aging oilfields.

Highlights of the MoU :  It is focused to collaborate in the fields of Improved Oil Recovery & Enhanced Oil Recovery for production enhancement from matured fields & reservoir characterisation studies. 

 It will help OIL to further consolidate and upgrade the various initiatives the Company has undertaken to improve production and contribute significantly to the energy security of the country. 

It will also contribute towards national obligation as set by Prime Minister to reduce import dependency of oil and gas by 10% by 2022.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 June

19 JUNE
NEWS
18 JUNE
NEWS
17 JUNE
NEWS
16 JUNE
NEWS

Current Affairs 2018 May

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
28 MAY
NEWS

Current Affairs 2018 April

30 APRIL
NEWS
29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS