India's ONGC short-lists three oil service majors to lift output from two fields [Reuters]
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Source: Reuters
India's ONGC short-lists three oil service majors to lift output from two fields | Reuters 4 Min Read MUMBAI, Feb 21 (Reuters) - India’s Oil and Natural Gas Corp is set to hire international oil service giants for the first time to boost output from domestic oil fields in response to a government push to increase local supplies and cut expensive imports. ONGC, India’s biggest explorer, has short-listed U.S. oil service companies Halliburton, Schlumberger and GE subsidiary Baker Hughes to submit proposals on boosting production from two onshore fields, according to a document seen by Reuters. The three companies have until May to submit their proposals for what ONGC is calling a “production enhancement contract” for an oilfield in Assam state and another in Gujarat. “The shortlist is ready. We will now share our data on the two fields with these companies,” an ONGC executive said. The executive - who did not wish to be named as ONGC has yet to make an official announcement - said the f
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