Oil India signs CCUS pact with Canada's PTRC
Oil India Limited signed a collaboration framework with Canada's Petroleum Technology Research Centre (PTRC) on June 10, 2026, at the Global Energy Show in Calgary. The partnership focuses on CO2 Capture, Utilization and Storage (CCUS), geothermal energy, and clean energy technologies to address energy transition challenges. Key areas include innovative enhanced oil recovery, subsurface research, and collaboration with the mc2+ start-up platform.

*this image is generated using AI for illustrative purposes only.
Oil India Limited has signed a collaboration framework with Canada's Petroleum Technology Research Centre (PTRC) to advance research in CO2 Capture, Utilization and Storage (CCUS), geothermal energy, and clean energy technologies. The agreement was signed on June 10, 2026, on the sidelines of the Global Energy Show 2026 in Calgary, strengthening bilateral energy cooperation between India and Canada.
Partnership Overview
The agreement brings together Oil India Limited, a Maharatna CPSE under the Ministry of Petroleum & Natural Gas, and the Petroleum Technology Research Centre, a not-for-profit energy research company of the Province of Saskatchewan. The collaboration aims to address global challenges related to energy transition and sustainability.
| Parameter | Details |
|---|---|
| Indian Partner | Oil India Limited |
| International Partner | Petroleum Technology Research Centre (PTRC) |
| Partner Country | Canada |
| Signing Date | June 10, 2026 |
| Location | Calgary |
Key Areas of Collaboration
The partnership encompasses several strategic domains focused on sustainable energy development and operational efficiency:
- CCUS: Utilization of captured CO2 through geological sequestration and mineralization in geological formations.
- Enhanced Oil Recovery (EOR): Development of innovative EOR methods to reduce environmental impacts and energy consumption in oil and gas production.
- Geothermal Energy: Identification of potential geothermal projects for mutual study and participation.
- Subsurface Research: Collaborative research at PTRC's Energy Innovation Hub lab on subsurface energy production and storage.
- Start-up Ecosystem: Joint research interests with mc2+, a platform created under the Ministry of Petroleum & Natural Gas, Government of India.
The initiative will leverage established networks of both organisations to identify business opportunities in Canada and India. The event was attended by the Premier of Saskatchewan, the High Commissioner of India to Canada, the CEO of PTRC, and the CMD of Oil India Limited.
Historical Stock Returns for Oil India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.69% | -14.54% | -8.38% | +3.20% | -10.21% | +340.58% |
What is the expected timeline for the first joint pilot projects under this CCUS and geothermal collaboration?
How will this partnership influence Oil India's long-term decarbonization targets and ESG goals?
What specific funding mechanisms will be utilized to support the joint research initiatives and start-up ecosystem integration?


































