Indias’s Oil & Gas Natural Corporation (ONGC) has signed a five-year Memorandum of Understanding (MoU) with Halliburton covering ‘services and support opportunities’ in India.
ONGC chairman Subir Raha said, ‘This Memorandum of Understanding provides ONGC with easy access to Halliburton’s technologies, experience, management practices and processes for application in our fields and centers. At the same time, the MoU will open up additional commercial opportunities for Halliburton technologies and services.’
Hemant Shah, Halliburton’s business development manager for India, added, ‘We are pleased to have the opportunity to participate in this alliance and to provide technological solutions for deepwater operations and development of mature assets for ONGC.’
A joint study center will be initiated for ‘innovation and proprietary solutions’ in the field of logging services, production optimization and integrated project management.
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