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ONGC, Super Wave Technology to co-develop alternative for hydraulic fracturing

Both companies will work to co-develop eco-friendly alternative to the conventional hydraulic fracturing, which has led to shale gas revolution in US but requires water in huge quantities

BS B2B Bureau  |  New Delhi 

Oil and Natural Gas Corporation (ONGC) has signed a Memorandum of Understanding with Pvt Ltd (SWTPL) - a company incorporated by Society for Innovation and Development at the Indian Institute of Science (IISc), Bangalore - for development of an alternative to or fracking technology that is used to produce and gas.
 
The MoU was signed in Bangalore on February 18, 2015 in the presence of Prime Minister Narendra Modi, petroleum minister Dharmendra Pradhan, D K Sarraf (CMD, ONGC) and Prof Anurag Kumar (Director, IISc).
 
Hydraulic fracturing, successfully employed in US, has led that nation to surplus and gas production in the past few years but requires water in huge quantities.
 
"With this partnership, will provide assistance to SWTPL for developing shock wave assisted fracking technology, an alternate to the conventional If proven effective as a substitute to hydraulic fracturing, in particular for shale gas exploitation, it will be a game changer for the oil and gas industry," said in a press release.
 
requires very large quantities of fresh water and huge quantity of energy for its pumping at high pressures. Under the technique, the oil well produces substantial quantity of effluent water which needs to be disposed. These are some of the issues that are bothering the current hydro-fracturing technology. Therefore, the global oil & gas industry has been searching of late for alternate technique for fracturing which requires minimum or no quantity of water.
 
"Shock waves are one of the most efficient energy dissipation phenomena. Sudden release of massive amount of energy in a miniscule space triggers the formation of these waves. The impulse generated by these waves can be used for many interesting and innovative applications," added the release.
 
As part of the new project, proposes to use shock or blast waves for initiating fractures in sandstone or shale reservoirs located initially at depths of 1,000-1,500 meter. claimed the pact will promote development and field implementation of Shock Waves technology for oil and gas fields. If successful, the technology will be jointly patented by and SWTPL for further commercial benefits worldwide.

First Published: Fri, February 20 2015. 01:04 IST
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ONGC, Super Wave Technology to co-develop alternative for hydraulic fracturing

Both companies will work to co-develop eco-friendly alternative to the conventional hydraulic fracturing, which has led to shale gas revolution in US but requires water in huge quantities

Both companies will work to co-develop eco-friendly alternative to the conventional hydraulic fracturing, which has led to shale gas revolution in US but requires water in huge quantities Oil and Natural Gas Corporation (ONGC) has signed a Memorandum of Understanding with Pvt Ltd (SWTPL) - a company incorporated by Society for Innovation and Development at the Indian Institute of Science (IISc), Bangalore - for development of an alternative to or fracking technology that is used to produce and gas.
 
The MoU was signed in Bangalore on February 18, 2015 in the presence of Prime Minister Narendra Modi, petroleum minister Dharmendra Pradhan, D K Sarraf (CMD, ONGC) and Prof Anurag Kumar (Director, IISc).
 
Hydraulic fracturing, successfully employed in US, has led that nation to surplus and gas production in the past few years but requires water in huge quantities.
 
"With this partnership, will provide assistance to SWTPL for developing shock wave assisted fracking technology, an alternate to the conventional If proven effective as a substitute to hydraulic fracturing, in particular for shale gas exploitation, it will be a game changer for the oil and gas industry," said in a press release.
 
requires very large quantities of fresh water and huge quantity of energy for its pumping at high pressures. Under the technique, the oil well produces substantial quantity of effluent water which needs to be disposed. These are some of the issues that are bothering the current hydro-fracturing technology. Therefore, the global oil & gas industry has been searching of late for alternate technique for fracturing which requires minimum or no quantity of water.
 
"Shock waves are one of the most efficient energy dissipation phenomena. Sudden release of massive amount of energy in a miniscule space triggers the formation of these waves. The impulse generated by these waves can be used for many interesting and innovative applications," added the release.
 
As part of the new project, proposes to use shock or blast waves for initiating fractures in sandstone or shale reservoirs located initially at depths of 1,000-1,500 meter. claimed the pact will promote development and field implementation of Shock Waves technology for oil and gas fields. If successful, the technology will be jointly patented by and SWTPL for further commercial benefits worldwide.
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Business Standard
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ONGC, Super Wave Technology to co-develop alternative for hydraulic fracturing

Both companies will work to co-develop eco-friendly alternative to the conventional hydraulic fracturing, which has led to shale gas revolution in US but requires water in huge quantities

Oil and Natural Gas Corporation (ONGC) has signed a Memorandum of Understanding with Pvt Ltd (SWTPL) - a company incorporated by Society for Innovation and Development at the Indian Institute of Science (IISc), Bangalore - for development of an alternative to or fracking technology that is used to produce and gas.
 
The MoU was signed in Bangalore on February 18, 2015 in the presence of Prime Minister Narendra Modi, petroleum minister Dharmendra Pradhan, D K Sarraf (CMD, ONGC) and Prof Anurag Kumar (Director, IISc).
 
Hydraulic fracturing, successfully employed in US, has led that nation to surplus and gas production in the past few years but requires water in huge quantities.
 
"With this partnership, will provide assistance to SWTPL for developing shock wave assisted fracking technology, an alternate to the conventional If proven effective as a substitute to hydraulic fracturing, in particular for shale gas exploitation, it will be a game changer for the oil and gas industry," said in a press release.
 
requires very large quantities of fresh water and huge quantity of energy for its pumping at high pressures. Under the technique, the oil well produces substantial quantity of effluent water which needs to be disposed. These are some of the issues that are bothering the current hydro-fracturing technology. Therefore, the global oil & gas industry has been searching of late for alternate technique for fracturing which requires minimum or no quantity of water.
 
"Shock waves are one of the most efficient energy dissipation phenomena. Sudden release of massive amount of energy in a miniscule space triggers the formation of these waves. The impulse generated by these waves can be used for many interesting and innovative applications," added the release.
 
As part of the new project, proposes to use shock or blast waves for initiating fractures in sandstone or shale reservoirs located initially at depths of 1,000-1,500 meter. claimed the pact will promote development and field implementation of Shock Waves technology for oil and gas fields. If successful, the technology will be jointly patented by and SWTPL for further commercial benefits worldwide.

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Business Standard
177 22