ExxonMobil and the Oil and Natural Gas Corporation (ONGC) have signed a heads of agreement (HoA) for deepwater drilling off the east and west coastlines of India. On August 17, 2022, in the presence of Shri Pankaj Jain, Secretary, Ministry of Petroleum & Natural Gas, the Heads of Agreement document was signed by Dr. Monte K. Dobson, CEO & Lead Country Manager, ExxonMobil India, and Shri Rajesh Kumar Srivastava, Director (Exploration), ONGC. The Krishna Godavari and Cauvery Basins in the eastern offshore and the Kutch-Mumbai region in the western offshore are the main areas of partnership.
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Note: The above-mentioned news was first published by us in our ProjectX India | 15th September 2022 edition. Click here to buy this issue. Access Oil and Gas news, projects, tenders, and contract award information in each fortnightly issue of ProjectX India PDF version. Go for an annual subscription and get access to 24 issues in a year.