Baker Hughes and India's Cairn Oil & Gas signed a contract to help Cairn co-produce up to 2.4 megawatts of electricity in addition to oil and gas, as well as offset 17,000 tons per annum of greenhouse gas, a press release announced on June 24.
Cairn, India's largest private oil and gas E&P company, will harness geothermal energy from its repurposed oil and gas wells, aligning with its commitments to becoming a net-zero company by 2050, announced in February of this year.
"As India looks for cleaner and more sustainable energy sources, we are confident that Baker Hughes’ technology can play a significant role in supporting Cairn Oil & Gas to drive a more sustainable energy future,” Neeraj Sethi, country director for India and Bangladesh at Baker Hughes, said in the release.
The contract will be executed through a series of phases, including studying the feasibility for geothermal generation through repurposing producing or exploratory hydrocarbon wells, during which experts will determine the geothermal potential of the area, collect geoscience data and visit the fields to assess surface facilities.
Following the feasibility phase, Cairn will move on to designing the initial project concept and conducting a pilot project will test the concept for safety and effectiveness before the project's final execution. Thus far, hydrocarbon wells in the Raageshwari Deep Gas field in the Barmer Basin have been identified as suitable candidates for geothermal energy production.
Cairn's ESG roadmap aims to place the company at net-zero operations by 2050. To achieve this goal, along with its partnership with Baker Hughes, the company announced earlier this month that it will convert its Mangala pipeline into a fully-solar operated pipeline.
“At Cairn, we are firmly committed to fulfilling India’s domestic energy demand while also encouraging sustainability in practices," Cairn deputy CEO Prachur Sah said. "Our association with Baker Hughes brings the best of technology to contribute to India’s green energy basket.
"Across the world, there is a drive to promote geothermal energy production from dying oil fields and at Cairn, we are committed to bringing the best of global practices to India and aid our country’s journey towards energy aatmanirbharta [self-reliance].”
Recommended Reading
Offshore Guyana: ‘The Place to Spend Money’
2024-07-09 - Exxon Mobil, Hess and CNOOC are prepared to pump as much as $105 billion into the vast potential of the Stabroek Block.
CEO: Baker Hughes Lands $3.5B in New Contracts in ‘Age of Gas’
2024-07-26 - Baker Hughes revised down its global upstream spending outlook for the year due to “North American softness” with oil activity recovery in second half unlikely to materialize, President and CEO Lorenzo Simonelli said.
Private Producers Find Dry Powder to Reload
2024-09-04 - An E&P consolidation trend took out many of the biggest private producers inside of two years, but banks, private equity and other lenders are ready to fund a new crop of self-starters in oil and gas.
Liberty Energy Warns of ‘Softer’ E&P Activity to Finish 2024
2024-07-18 - Service company Liberty Energy Inc. upped its EBITDA 12% quarter over quarter but sees signs of slowing drilling activity and completions in the second half of the year.
Hunting Wins Contracts for OOR Services to North Sea Operators
2024-08-29 - Hunting is securing contracts worth up to $60 million to deliver organic oil recovery technology to increase recoverable reserves for North Sea operators.