ONGC-IFPEN collaborates on new technologies
Beicip-Franlab, which operates under the control of IFPEN (Institut Français du Pétrole Energies Nouvelles), a state-of-the-art and world-renowned Research & Development (R&D) institute of France is one of the handful of entities that provide specialises services is working with Oil and Natural Gas Corporation Limited (ONGC) hydrocarbon exploitation programmes.
IFPEN, one of the handful of entities, has extensive global experience and recognition in these specialised areas, especially in deep and ultra-deep-water studies and patented proprietary software for reservoir modelling, which is technically complex, Minister of Petroleum and Natural Gas Hardeep Singh Puri said in a written update to Lok Sabha on 21 Aug http://mopng.gov.in.
These studies include modelling of permeable reservoirs, deep-water subsurface studies and interpretation of data for production enhancement, he told the house http://iea.org.
Such studies require highly specialised domain knowledge, proprietary and patented software, advanced modelling techniques, research infrastructure and timely delivery capabilities https://www.opec.org/.
Puri highlighted that ONGC has a running Memorandum of Understanding (MoU) with IFPEN (last renewed in 2023) for joint research and technical collaboration for exploration and development of hydrocarbon reserves and implementation of new technologies, including renewable energy https://www.bseindia.com/.
He further clarified that ONGC undertakes a large number of exploration and production projects across the country as per its Board-approved guidelines, which are in line with the principles laid out by the General Financial Rules (GFR) and the Central Vigilance Commission (CVC). In reference to consultancy contracts, it was reiterated that no contract has been awarded to M/s Beicip-Franlab in the North Eastern Region of ONGC https://www.nseindia.com/.
Even in other regions, the total value of assignments awarded to Beicip-Franlab is less than Rs 6.5 crore in the last five years. This is a miniscule percentage when compared to ONGC’s scale of operations, with the company having an average Profit After Tax (PAT) of more than Rs.33,000 crore per annum in the last five years https://sbi.com.in/. Fiinews.com
