ONGC and ExxonMobil sign MoU for development of offshore resources
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
The work under the MoU will be carried out in three phases. This will lead to a joint technical study for potential collaboration areas.
Vice President Asia Pacific ExxonMobil, Michael Deal, said: “We welcome the opportunity to work with ONGC and apply our collective expertise to be an even bigger part of India’s bright energy future”.
ONGC CMD, Shashi Shanker, said: “This meaningful partnership with EXXONMobil will be a step towards unlocking value in ONGC PEL offshore blocks, study open acreage areas and enable us to get closer to meeting Country’s energy aspirations”.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/16102019/ongc-and-exxonmobil-sign-mou-for-development-of-offshore-resources/
You might also like
Global recoverable oil reserves hold steady at around 1500 billion bbl
Rystad Energy’s latest research shows global recoverable oil reserves held largely steady at around 1500 billion bbl, down some 52 billion bbl from the company’s 2023 analysis.