For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

ONGC likely to sell stake in offshore block to ConocoPhillips and Shell

By Religare
|
ONGC likely to sell stake in offshore block t
State-owned, Oil & Natural Gas Corporation (ONGC), is in discussion with ConocoPhillips and Shell for the sale of a stake in its oil and gas block off India's east coast, said the media report.
 

ONGC, Finance Director, Aloke Bannerjee talking to the media on the stake sale said that "They are on our radar."

However, he did not specify the amount of stake ONGC is looking to sell, added the media report.

Besides, ONGC hopes to produce from six million to nine million standard cubic metres per day (mscmd) of gas by 2017 from its offshore east coast blocks, which are situated adjacent to Reliance Industries' KG D6 gas block.

Dion Global Solutions Ltd.

Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more