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$20 billion bet: ONGC eyes its oil exploration programme with deep-water drilling rigs; eye on energy security

Mar 25, 2026 - 14:00
$20 billion bet: ONGC eyes its oil exploration programme with deep-water drilling rigs; eye on energy security

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The company is also exploring partnerships with global energy majors such as BP, ExxonMobil, TotalEnergies and Petrobras as part of its strategy to reduce risks that are associated with exploration in capital-intensive frontier areas.
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