ONGC Plans: Shipbuilding Pacts, Resource-Sharing With Reliance And 100+ Exploratory Wells

Oil & Gas major ONGC has signed a series of major agreements aimed at scaling up the company’s offshore drilling operations and strengthening supply chains. ONGC CMD discusses the newly signed resource-sharing agreement between ONGC and Reliance for India’s eastern offshore region, alongside key maritime partnerships including shipbuilding contracts between ONGC–Mitsui OSK Lines joint ventures and Samsung Heavy Industries, as well as a time-charter agreement involving CHRYSE Axumites and Axum Aethiopia with ONGC-Mitsui JVs. Listen in as Business Today's Aishwarya Patil speaks with Arun Kumar Singh, CMD of ONGC, on the sidelines of India Energy Week