đź’¨ Abstract
ONGC Chairman, Arun Kumar Singh, warned that the energy exploration industry is running out of time due to slow exploration and extraction processes. ONGC's current process takes nearly a decade, from exploration to oil extraction. To survive, ONGC aims to compress exploration time to one year, and is exploring partnerships with tech giants like Microsoft and learning from space exploration for advancements in AI and processors.
Courtesy: theprint.in
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