“ONGC inks memorandum of understanding (MoU) with French multinational TotalEnergies to establish holistic framework between the 2 for exchange of each other’s technical strengths in deep-water offshore, especially Mahanadi & Andaman,” the state-owned company tweeted.
 

ONGC’s director of exploration Sushma Rawat said that the companies will jointly evaluate exploration and development opportunities to create synergies with local economies.

 

“This collaboration shall lead to deployment of best practices and technology in offshore, to reduce greenhouse emissions for sustainable development,” Rawat said. “This strategic technology-driven collaboration will develop future cooperation for potential business in deep waters of Bay of Bengal on mutually aligned purpose.”

 

ONGC Videsh, the overseas arm of Indian state-owned ONGC, recently signed memorandum of understanding with Argentina’s YPF to boost cooperation in the energy sector.