Team Blitz India
NEW DELHI: Union Minister for Petroleum and Natural Gas Hardep Puri met Vicki Hollub, President and CEO of Occidental Petroleum and discussed opportunities in India’s exploration and production sector at the World Economic Forum in Davos on January 18,
“Met my friend Ms Vicki Hollub, President & CEO, Occidental Petroleun, in #Davosagain. We had an interesting discussion on opportunities to participate in Indian E&P sector and using their CCUS technology for enhanced oil recovery. I also informed her about the reduction in India’s ‘No Go’ areas for E&P by almost 99% in April 2022 & opened up approx. 0.91 million sqkm area for E&P. in addition to major steps to dramatically reduce previously ‘No-Go’ Areas “ the Union Minister posted on X.
Carbon Capture, Utilisation and Storage (CCUS) involves the capture of CO2, from large point sources like power generation or industrial facilities that use fossil fuels. Captured CO2 can be used on site or transported to be used in a range of applications, or injected into deep geological formations such as depleted oil and gas reservoirs.
CCUS can be retrofitted to existing power and industrial plants, allowing for their continued operation. It can tackle emissions in sectors like heavy industries.