15 July :Mr. Eric Ripper, Deputy Premier of Western Australia(W.A.) met Shri Murli Deora, Minister of Petroleum and Natural Gas, here today. They emphasized the need for taking forward the existing cooperation between India and Western Australia, in the oil & gas sector. They felt that there is a large potential for cooperation in various activities especially in exploration & production, coal bed methane, LNG, etc.
On this occasion, an MoU was signed between Directorate General of Hydrocarbons(DGH) of India and Department of Industry & Resources(DOIR) of W.A. The MoU was signed by Mr. Stedman Illias, Deputy DG, DOIR and Shri V.K. Sibal, DG, DGH, a technical arm of the M/o Petroleum & Natural Gas in the upstream sector. The two leaders described the MoU signed today as a significant beginning in the cooperation between India and Western Australia.
The MoU aims at enhancing cooperation and understanding on oil and gas related issues and exchange information and pass on good practices in the development of policy on oil and gas exploration, production and field abandonment, exchange of expertise etc. The MoU also identifies broad areas of cooperation. These include aquifer depletion specific to the oil and gas sector, enhanced oil recovery, coal bed methane gas, education and training, joint research and development and any other areas that are mutually agreed upon by both parties.
The two sides will seek to approve a programme of cooperation each year or such other jointly decided time period. The MoU is valid for a period of 5 years and may be further extended with mutual consent.