The Centre has given its nod to Oil &
Natural Gas Corporation (ONGC) to include Petrobras of Brazil and Statoil Hydro
of Norway as strategic partners in the gas rich KG-DWN-98/2 block.
According to the proposal, Petrobras
and Statoil will pick up 15 per cent and 10 per cent participatory interests
respectively in the exploratory asset.
ONGC currently holds 90 per cent
operating stake in the deepwater block. The company has established presence of
approximately 2 tcf of gas in an ultra deepwater discovery.
Also See:
ONGC, GSPC revise
gas reserve estimates (05-Aug-08)
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