Bhubaneswar: Oil India Limited a Navratna Company and Indian Institute of Technology (IIT) Bhubaneswar have signed a Memorandum of Understanding (MoU) for joint research collaborations in the area of earth sciences, basic sciences and engineering.
Some of the research focus included Upstream, Midstream and Downstream segments of the Oil and Natural Gas value chain entailing hydrocarbon exploration, development, production, reservoir management including IOR & EOR, pipeline transportation, refining & process technologies.
The MoU was signed on Wednesday, IIT sources said here on Thursday.
Speaking on the occasion the Director of IIT Bhubaneswar Prof. V K Tewari advised the team of professors on how to respect the essence of time and to continuously follow up so that the results would be visible.
The Chairman and Managing Director of Oil India Limited expressed happiness over the joint collaboration and reiterated that the initiative will provide students and faculty at IIT Bhubaneswar to closely interact with the Oil India team including field experience in the state- of-art technology involved in hydrocarbon exploration.
Both the teams will jointly explore new frontier areas in the related field.
The long-term goal for the MoU is to build strong industry-academic interaction that will facilitate new discoveries in academics and develop cutting-edge technology for the industry.
