India’s state-controlled Oil & Natural Gas Corporation (ONGC) has hit the market with multiple offshore seismic tenders for work off the country’s east and west coats, kicking off its largest data acquisition drive in recent years.
The state-owned giant plans 2023 capital expenditure of $3.6 billion, scaling up its investments in multiple exploration and development projects.
India’s Prime Minister Narendra Modi has set a clear mandate for state-owned oil and gas players like ONGC to reduce India’s crude oil import dependence by 10%, by boosting indigenous oil and gas production.
