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ONGC partners with ExxonMobil for deep water exploration

Published on August 18, 2022
Current Context: Oil and Natural Gas Corporation (ONGC) partners with ExxonMobil for deep water exploration on the east and west coast of India.
ONGC partners with ExxonMobil for deep water exploration
  • The collaboration areas focus on the Krishna Godavari and Cauvery basins in the eastern offshore and the Kutch-Mumbai region in the western offshore.
  • This partnership between ONGC and ExxonMobil will bring benefits to the entire energy value chain and open new vistas to the exploration and production paradigm.
  • The collaboration will boost the confidence in going further ahead in deep water exploration on the east coast of India. 25 percent of the ExxonMobil brain power is engaged in evaluating Indian deepwater.
  • ONGC is a Maharatna company, which is the largest crude oil and natural gas company in India. It is contributing around 71% to Indian domestic production. As of June 2022, the government of India holds a 58.91% stake in ONGC.
  • Static Knowledge:
    • Chairman of ONGC - Alka Mittal
    • ONGC headquarters - New Delhi
    • ONGC was formed - on 14 August 1956

Question: 

Q.1 ExxonMobil partners with which company for deep water exploration?
a. Oil and Natural Gas Corporation
b. Oil India Limited
c. Gas Authority of India Limited
d. Indian Oil Corporation
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