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ONGC sets its sights on Latin America

India’s state-owned ONGC is planning to boost its presence in Latin America.
By Staff reporter 2 May 2018 0 30701

India’s state-owned Oil and Natural Gas Corp. (ONGC) is planning to boost its presence in Latin America following its formation of a partnership with Chile-based independent GeoPark, local press has reported.

“This [Bogota-based] joint venture is now progressing after ONGC found hydrocarbon reserves in its Mariposa 1 well in Colombia,” Ravi Bangar, India’s ambassador to Colombia and Ecuador, was quoted as saying by The Financial Express

“We will explore [the] possibility of expanding our footprints in Ecuador,” ONGC Videsh Managing Director N.K. Verma was...