The initial phase, funded by $500,000 from Oil India, included the calculation by UH researchers that the company’s oil reserves are substantially higher than previously thought, as well as recommendations that increased production by 21 percent at one well alone, a first-year revenue increase of $4 million.
“This ambitious partnership has offered clear benefits for both Oil India and for the University of Houston,” said UH President Renu Khator. “Finding a way to safely meet the growing demand for energy in India and other parts of the world is a fundamental challenge, and we appreciate the opportunity for our faculty and students to play a vital role in solving such important real-world problems.”