ONGC, Chevron to assess exploration potential in India

State-owned energy company ONGC has signed a memorandum of understanding with Chevron New Ventures, a subsidiary of US major Chevron, to assess exploration potential in India, the company announced on September 19 via a social media post.

This is the second agreement ONGC has signed with a US energy company in the past month. The company in August signed a heads of agreement with ExxonMobil for deepwater exploration off the east and west coasts of India.