The Hindu Business Line : ONGC ties up with Italy's ENI for deep-water exploration

OIL and Natural Gas Corporation (ONGC) on Tuesday entered into an agreement with Italy's ENI for deep-water exploration in India and abroad. A memorandum of understanding was signed by ONGC's Chairman and Managing Director, Mr Subir Raha, and the ENI Chief Operating Officer, Mr Stesano Cao, here.

The MoU envisages exchange of information on deep-water exploration opportunities in India and abroad and is expected to lead to exchange of equity interests in select licences, a statement issued here said. It, however, did not give details of the agreement.

ONGC and ENI had in the recently concluded round five of New Exploration Licensing Policy secured two exploration blocks — one in Rajasthan and other in Andaman deep sea.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Bajaj opens probiking showroom, plans 10 more

Cipla chief dismisses rumours of stake sale

BSES Yamuna appoints new CEO

Jubilant Organosys allots 9.9 lakh shares to General Atlantic

Aiyar disapproves of public spat

IOC to raise Rs 1,000 cr from bond market

GAIL, Petro-Bangla to bid for Bangladesh block

Nicholas Piramal seals private placement in Canadian biotech co

Jain Irrigation board okays merger of Terra Agro Tech

ONGC to soon call for engg contract bids for Dahej plant

LG Electronics to set up second plant near Pune

ONGC-MRPL in talks for opening retail outlets

ONGC ties up with Italy's ENI for deep-water exploration

Giving back to Mumbai — Corporates are game, but where is the gameplan?

Minilec plans to tap China, EU markets

Advanced Medical Optics plans $10-m investment in India

AP team to visit VW for talks — Govt rejects DD from German car major

Shipping Corporation: Confusion continues on CMD appointment