Belarusian vertically integrated petroleum firm Belorusneft has signed a contract with India-based company Oil and Natural Gas Corporation (ONGC) to begin a new project.
According to news agency BelTA, Belorusneft will provide services related to increasing oil recovery to ONGC.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The Belarusian firm secured a bid that was held to select the recipe of surface-active agents, which will increase reservoir recovery.
The research will be performed by experts of Belorusneft’s oil industry research institute BelNIPIneft. They will focus on six mature fields spread across various parts in India that are rich in high water content.
BelNIPIneft will provide engineering services related to the project for nine months.
Belorusneft representatives noted that the activities of the specialists are mainly aimed at increasing the development of the remaining resources using tertiary methods.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe contract will be carried out in two stages. An initial pilot design project will be tested and laboratory tests will be performed to choose effective compounds for certain sites.
With the generated lab results, computer hydrodynamic models will be built to analyse the reagents’ effectiveness in advance and optimise their injection accordingly.
Last month, ONGC received a total of 28 bids for 50 out of 64 small and marginal oil and gas fields in the first round of bidding.
In India, the company accounts for 71% and 81% of crude oil extraction and natural gas extraction, respectively.
Founded in 1966, Belorusneft also provided services such as comprehensive engineering and consulting to Oil India.
