Global energy giant Exxon Mobil Corp will offer its expertise and technology to ...
) to help develop its resources in offshore blocks, according to two sources directly privy to the development.
The memorandum of understanding , signed late Monday, will be later signed as a definitive deal after Exxon studies the blocks of the company, one of the sources told Reuters. "Witnessed the exchange of a MoU between ONGC and ExxonMobil to identify areas for exploration in deep water in east and west coast of India," Oil Minister Dharmendra Pradhan said in a tweetONGC and ExxonMobil will also jointly identify areas to submit bids for more exploration assets in India, he added.
On Monday, Exxon signed another memorandum with India’s biggest refiner Indian Oil Corp Ltd to explore ways to supply liquefied natural gas to meet India’s 1burgeoning gas demand.
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