Press release from Business Wire India
Source: The Energy and Resources Institute (TERI)
Monday, April 25, 2011 05:07 PM IST (11:37 AM GMT)
Editors: General: Consumer interest, Environment; Business: Business services, Energy companies, Media & entertainment
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Oil India Limited (OIL) and The Energy and Resources Institute (TERI) Sign a Ten Year Agreement to augment Research in Areas of Petroleum Biotechnology and New & Renewable Energy Sources
New Delhi, Delhi, India, Monday, April 25, 2011 -- (Business Wire India) -- India's national oil company Oil India Limited (OIL) signed a ten year MOU today with The Energy and Resources Institute (TERI) to broaden the scope of Joint Research Collaboration in areas of Petroleum Biotechnology and New & Renewable Energy Sources. The MOU was singed by Mr. B N Talukdar, Director Exploration and development, OIL and Mr. M M Joshi, Director Technology Dissemination and Enterprise Development, TERI in the presence of Mr. N M Borah, Chairman and Managing Director, OIL and Dr. R K Pachauri, Director General, TERI.
Biotechnology is an emerging field of study for its immense beneficial capability in providing solutions for a sustainable way to conserve energy resources and control environmental degradation. In view of these benefits which can also help the petroleum industry, the mutual collaboration will focus on significant areas of R&D, such as, Microbial Enhancement of Oil Recovery, Removal of paraffin from oil well and oil tubings, Reduction of Viscocity in heady crude, Mitigation of pollution problems, increase efficiency of waste water and concentrate on areas of new and renewable energy.
"Though huge investments for R&D in the petroleum industry are ongoing, the area of biotechnology for sustainable energy production and environment restoration is incomplete and needs impetus", said,, Mr. Naryan Mani Borah, Chairman and Managing Director, OIL. He further added that, "the interactions between TERI and OIL for various research and development projects in the area of environmental restoration, enhanced oil recovery, biofuel, especially algae biofuel, energy audits runs back to over a decade and its research expertise has helped OIL with solutions that have produced fascinating results in mitigating many environmental issues for the company. I am happy that through this MoU academia and business have come together for joint research collaboration".
The impressive track record of several successful case histories between TERI and OIL got a further boost today. It will bring in together the expertise and infrastructure in providing sustainable solutions to the current problems faced by petroleum industry
Speaking at the signing ceremony, Dr. Banwari Lal, Director, Environmental & Industrial Biotechnology Microbial Biotechnology, TERI said, "Biotechnology has emerged as a major field of study globally and has direct impacts on all aspects of life including the petroleum industry. Specific to this collaboration our research areas will aim to increase oil production, life of the oil wells, address the issue of renewable energy and biofuels which presently demands attention. This collaboration with Oil India Limited will bring in new methods to help the present situation and after proper field testing both companies will file for a joint patent."
The following areas are being considered for mutual collaboration at present. However, the scope will be expanded with mutual consent to include other challenges arising in future.
-- Microbial Enhanced Oil Recovery (MEOR)
-- Removal of paraffin from oil well tubings
-- Microbial bio-prospecting for oil reservoirs
-- Reduction of Viscocity in heavy crude oil
-- Mitigation of pollution problems arising due to petroleum hydrocarbon both in onshore and offshore installations though bioremediation
-- Increased efficiency of waste water and produced water treatment with integration to novel concepts
-- Establishing an state-of-the-art Petroleum Microbial Laboratory in OIL
-- Areas of research in new and renewable energy
About TERI
The Energy and Resources Institute (TERI) was established in 1974. A dynamic and flexible organization, activities in TERI ranges from microbiology to global climate change, from smoke-filled rural kitchens to plush corporate boardrooms, from schoolchildren to heads of state-no sphere of human endeavour is unfamiliar to TERI. The organization works on formulating local and national level strategies to suggesting global solutions to critical energy and environment-related issues. Headed by world-renowned economist Dr R K Pachauri also head of the Nobel Prize winning UN Climate panel IPCC. TERI is best described as an independent, not-for-profit research institute focused on energy, environment, and sustainable development and devoted to efficient and sustainable use of natural resources. TERI is headquartered in New Delhi; TERI has established regional offices in Mumbai, Bangalore, Goa, Guwahati and Mukhteshwer in the Himalaya's and International centers in Japan, Malaysia, the United Arab Emirates, Washington DC, and London.
About Oil India Company:
Oil India Limited (OIL) is a premier Indian national oil company engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. As per the vision statement, Oil India is not only fully committed to safety, health and environment, but also a responsible corporate citizen deeply committed to socio-economic development in its areas of operations.
CONTACT DETAILS
Rajiv Chhibber, The Energy and Resources Institute (TERI), +91 9810426698, rajivc@teri.res.in
Lalima Bose, The Energy and Resources Institute (TERI), +91 9810161449, lalima.bose@teri.res.in
KEYWORDS
CONSUMER, ENVIRONMENT, BUSINESS SERVICES, ENERGY, MEDIA
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