Norway's StatoilHydro is keen to
increase its stake to 30 per cent in a significant gas block operated by Oil &
Natural Gas Corporation (ONGC) in the Krishna-Godavari basin.
StatoilHydro also wants to be a joint
operator in the gas-rich block which is likely to increase India's gas supply
once it begins production in 2013.
At present, ONGC owns 65 per cent in
the block, Petrobras of Brazil 15 per cent, while Statoil and Cairn India hold
10 per cent each.
Also See:
ONGC receives nod
to include Petrobras, Statoil in KG project (13-Aug-08)