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ONGC enters into MoU with Chevron New Ventures: Report

20 Sep 2022 Evaluate

Oil and Natural Gas Corporation (ONGC) has reportedly entered into Memorandum of understanding (MoU) with Chevron New Ventures PTE, subsidiary of Chevron Corporation. The agreement is to assess exploration potential in India.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.

Peers
Company Name CMP
ONGC 235.50
Oil India 485.05
Jindal Drilling&Inds 598.10
Deep Industries 729.95
Aban Offshore 14.21
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