ONGC expects to acquire operatorship rights in Venezuelan oil projects
FROM THE WIRE · THEHINDU.COM
State-owned Oil and Natural Gas Company (ONGC)’s overseas operations arm is in advanced talks to acquire operatorship of crude oil projects in Venezuela’s San Cristobal and Carabobo projects and expects to finalise the arrangement in the next three to six months, Anupam Agarwal…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralAn upstream deal by a state oil major could affect production outlook, though timing remains uncertain.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01ONGC's overseas arm is in advanced talks for operatorship of San Cristobal and Carabobo projects.
- 02Finalisation is expected within the next three to six months.
- 03The statement came from the Director (Finance) on a post-results analyst call.