ONGC, Mitsui sign exploration MOU

ONGC has signed a memorandum of understanding (MOU) with Mitsui & Co. Ltd. for cooperation in exploration and production for conventional and unconventional petroleum and natural gas opportunities in India and in third countries.

Offshore staff

NEW DELHI – India’s state-owned Oil and Natural Gas Corp. Ltd. (ONGC) has signed a memorandum of understanding (MOU) with Mitsui & Co. Ltd. for cooperation in exploration and production for conventional and unconventional petroleum and natural gas opportunities in India and in third countries.

In August 2012, ONGC and Mitsui entered into an MOU for wide-ranging cooperation in gas and liquefied natural gas (LNG) business. In March 2013, Mitsui entered into another MOU with ONGC, Bharat Petroleum Corp. Ltd., and New Mangalore Port Trust for a feasibility study of an LNG terminal in Mangalore, India.

01/27/2014

More in Regional Reports