THBL
State-run ONGC and Oil India (OIL) are in talks with Japan Petroleum Exporation (Japex), Mitsui and Bahrain Petroleum Company (Bapco) to collaborate on enhancing domestic exploration and production (E&P) activities.
“Indian National Oil Companies (NOCs) (ONGC and OIL) have executed several agreements with International Oil Companies (IOCs) (ExxonMobil, Chevron, TotalEnergies) for collaboration in E & P activities and are also in discussions with BAPCO, JAPEX and Mitsui,” Oil Minister H S Puri said in response to a starred question in Rajya Sabha on Monday.
Detailing the efforts made by the government to enhance India’s production of crude oil and natural gas, the Minister said the government has increased the net geographical area under exploration from 2.5 lakh square kilometres (SKM) to 5 lakh SKM.
