ONGC Seeks Help to Boost Output from Aging Oil and Gas Fields

May 2016, Vol. 243, No. 5

India’s state-run Oil and Natural Gas Corporation Ltd. will enter into partnerships with overseas oilfield service providers to boost output from aging oil and gas fields, according to Rigzone.

The ONGC chairman has reportedly had discussions with Schlumberger NV and Halliburton regarding capital investments and sharing of technical expertise to increase production from fields where output has come to a standstill, though seen as offering potential.

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