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News Brief | November 2013

ONGC, OIL count on foreign companies for shale drilling

Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) will tap the expertise of foreign firms to hunt for shale oil and gas in the India. The country last month approved rules for drilling of the unconventional fuel as it wants to quickly tap its resources to cut a growing crude oil imports bill. ONGC will be taking technical help from Houston-based ConocoPhillips for shale drilling. ONGC plans to take up exploratory work in 10 wells in blocks spread across western Cambay and eastern Cauvery and Krishna Godavari basins.
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