ExxonMobil Partners With ONGC to Study PEL blocks in India's East and West Coast

11:26PM ET 10/15/2019 MT Newswires
ExxonMobil (XOM) has entered into a memorandum of understanding with India's Oil and Natural Gas Corp. under which the companies will undertake joint technical studies of Petroleum Exploration Licence (PEL) blocks of ONGC in east and west coast and open acreages for joint bidding, according to a statement by ONGC.

The work under the agreement will take place in three phases.

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