ConocoPhillips in talks to pick stake in ONGC blocks

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Submitted by daya on Tue, 2012-12-18 15:46

ONGC's foreign arm had agreed to buy firm's stake in Kashagan field for $5 bn

US-based ConocoPhillips is in talks with state-run Oil and Natural Gas Corporation ( ONGC) to pick stake in more than one of its ultra-deep-water blocks. A senior executive from ONGC said ConocoPhillips, US’s third largest energy giant, had examined 19 of its blocks and would shortly decide the ones it planned to pick a stake in.

Name of the Newspaper: 
Business Standard (New Delhi)
thesaurus: 
India
Oil and Natural Gas Corporation (ONGC)
Mahanadi
Cauvery
Energy
A & N Island
Author: 
Kalpana Pathak
Main Topic: 
Energy
Mark Content Private(Internal): 
Clipping Type: 
DNB
IGF
CEI
External URL: 
http://www.business-standard.com/india/news/conocophillips-in-talks-to-pick-stake-in-ongc-blocks/495962/
Publication Date: 
18/12/2012