ONGC to explore India’s hydrocarbon reserves; Signs MoU with IFPEN
The purpose of this MoU is to explore responsible exploration & development of India’s hydrocarbon reserves through joint research & development, tech transfer & capacity building.

New Delhi/Paris: India's Central Public Sector Undertaking reflecting its commitment to innovation & driving growth in the energy sector, including renewables, ONGC signed a Memorandum of Understanding (MoU) with leading French research & training organization IFP Energies nouvelles also known as French Institute of Petroleum on 12 April 2023 in Paris.
The purpose of this MoU is to explore responsible exploration & development of India’s hydrocarbon reserves through joint research & development, tech transfer & capacity building.
Read Also : NLCIL Employees Wins 3rd prize in state level 'Enviro-Solver Hackathon'
The MoU was signed by Director (Exploration) Sushma Rawat & Chairman & CEO of IFPEN Pierre-Franck Chevet on the sidelines of the India-France Business Summit, commemorating 25 years of India-France Friendship.
There is a major role of hydrocarbons in economic growth which also facilitate meeting the future needs of the country. As India has 26 sedimentary basins covering an area of 3.36 million square kilometres. The last hydrocarbon resources assessment exercise was carried out approximately two decades ago (1995-96).
A Multi Organization Team (MOT) comprising representatives of ONGC, OIL and DGH has carried out an estimation of hydrocarbon resource potential in the country, According to the official website of the Ministry of Petroleum and Natural Gas.
Read Also : Prerana Ladies Club organised CSR initiativeWhat is IFPEN
IFP Energies nouvelles (IFPEN) is a major player in research and training in the fields of energy, transport and the environment. From scientific concepts in fundamental research to technological solutions in applied research, technological innovation is at the heart of its action.
Read Also : Lok Sabha speaker Om Birla gives away Lion’s Roar to Restore SDG awardsNews Must Read
- AI's Revolution: People disagree on how AI can change work life
- PM Modi to inaugurate first-ever National Training Conclave
- SECI and GRIDCO Odisha signed an agreement
- CIL Chairman Pramod Agarwal reviews WCL
- NHDC to construct 525 MW Pumped Storage Power Project to meet peak hour energy demand of MP
- Speeding up Hydro Power: CEA Fast-tracks Approval Mechanism for Pumped Storage Projects
- WhatsApp unveiled new feature called 'Channels'
- RBI not looking to withdraw 500 notes or re-introducing Rs 1,000 currency: Governor
- DRDO flight-tested ‘Agni Prime’ ballistic missile
- J&K Jaiswal Bridge over Chenab has been completed: Nitin Gadkari