Team Blitz India
NEW DELHI: State-owned Oil and Natural Gas Corporation aims to start the drilling operations in its Andaman wells by May, the company’s Director-Exploration Sushma Rawat told Financial Express.
The country’s largest oil exploration and production company had won two blocks in the Andaman basins in the sixth round of bidding under the open acreage licencing programme.
The identified blocks in the Andaman are expected to contain large reserves of hydrocarbons and the company is confident of boosting its domestic production of oil and gas.
Additionally, the company is also looking for potential collaborations across globe for the development of its rigs and exploration of ultra-deep water basins such as Andaman itself.
ONGC is engaging with numerous technology partners, including Schlumberger and Halliburton, to explore a tie up primarily focusing on offshore rig development owing to the escalating costs.
