Oil India, Canada's PTRC Sign Clean Energy Collaboration Pact

• Oil India and PTRC signed the framework on June 10 in Calgary.

• The agreement covers carbon capture, utilisation and storage, geothermal energy and other subsurface energy technologies.

• The two sides will also look at carbon storage, enhanced oil recovery and joint research through an energy innovation hub.

Oil India Ltd (OIL) and Canada's Petroleum Technology Research Centre (PTRC) have signed a collaboration framework to jointly explore carbon capture, geothermal energy and other clean energy technologies, the companies said.

The agreement aims to deepen energy cooperation between India and Canada as both countries pursue energy transition and sustainability goals.

The framework was signed on June 10 in Calgary between PTRC, a Saskatchewan-based not-for-profit energy research organisation, and OIL, a Maharatna public sector enterprise under India's Ministry of Petroleum and Natural Gas, the Indian firm said in a statement.

The collaboration will focus on carbon capture, utilisation and storage (CCUS), geothermal energy, subsurface energy technologies, and innovation-led research, including engagement with mc2+, India's startup platform backed by the petroleum ministry.

Areas of cooperation include utilisation and permanent storage of captured carbon dioxide through geological sequestration and mineralisation, development of enhanced oil recovery technologies aimed at reducing the environmental footprint of oil and gas production, and identification of business opportunities in both countries through industry partnerships and research networks.

The two organisations will also evaluate potential geothermal projects and undertake joint research through OIL and PTRC's Energy Innovation Hub on subsurface energy production and storage technologies.

The agreement underscores growing international collaboration in low-carbon technologies as energy producers seek to balance energy security with decarbonisation objectives, the statement added.