ONGC NSE 0.33 % has proposed equity partnerships in some of its toughest fields to top global oil companies, including Saudi Aramco, Shell, Total, Chevron, ENI, and Petronas to gain access to advanced technology and competencies to explore and develop such acreages, according to people familiar with the matter.
For years ONGC has struggled with some of its fields located in deep-sea or high-pressure or high-temperature areas, which require special skills and advanced technology to develop, leading to delays or suboptimal outcome. The company is now looking for allies that can help plug such gaps.
