ONGC looks to sell stake to global companies
Oil and Natural Gas Corp (ONGC) is seeking equity partnership with global players that can bring technical expertise as well as financial muscle to help develop two difficult fields off the eastern coast.
ONGC has invited expression of interest (EoI) from global oil and gas companies “for firming up a viable strategy” in the development of Deen Dayal West (DDW), a high-pressure high-temperature field in the Bay of Bengal, and ultradeep discoveries in Cluster-III of KG-DWN-98/2 block in the KG Basin. Parties can submit their interests by June 16.
