State-run oil explorer Oil and 
Natural Gas Corporation (ONGC) has tied up with global oil giant British Petroleum (BP) for oil & gas exploration and production business in India and overseas. Both the companies have signed a memorandum of understanding (MoU) which is valid for a period of 18 months and includes knowledge sharing of deepwater exploration (known to be BP’s expertise) & Coal-bed methane (CBM) technology. The pact also envisages participation in each other’s oil & gas acreages in India or foreign land including the CBM acreages in India that ONGC has already found & off shore licences. Well, that’s called a great match!
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Natural Gas Corporation (ONGC) has tied up with global oil giant British Petroleum (BP) for oil & gas exploration and production business in India and overseas. Both the companies have signed a memorandum of understanding (MoU) which is valid for a period of 18 months and includes knowledge sharing of deepwater exploration (known to be BP’s expertise) & Coal-bed methane (CBM) technology. The pact also envisages participation in each other’s oil & gas acreages in India or foreign land including the CBM acreages in India that ONGC has already found & off shore licences. Well, that’s called a great match!For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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