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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 Super Wave Technology 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 hydraulic fracturing or fracking technology that is used to produce shale oil 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, ...