Oil & Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation (ONGC) has inked memorandum of understanding (MoU) with EXXON-Mobil to identify areas for exploration in deep water in east and west coast of India. ONGC & EXXON-Mobil will also identify areas in the open acreage for submission of EoI & joint bidding for future OALP rounds.

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.