“This memorandum of understanding provides ONGC with easy access to Halliburton’s technologies, experiences, and management practices and processes for application in ONGC’s field and centres," said ONGC chairman Subir Raha.
"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, said: “Halliburton is 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.”
Activities under the MoU include: recovery and production optimisation and reservoir management; marginal field development; frontier basins; deepwater; logistic management; data and information management; joint study center for innovation and proprietary solutions; logging services; and production optimisation for ONGC reservoirs through integrated project management.
