The country's largest exploration and production company, Oil and Natural Gas Corporation, is looking at enlarging its list of foreign partners with strong technology, to help it explore and develop its deep water hydrocarbon assets in
India.
ONGC is close to finalising a stake sale in two of its blocks -- one in the Krishna-Godavari basin and another in the Mahanadi basin -- to British Gas. It is also talking to US-based Noble Energy for offering it stake in some of its blocks in India.
ONGC has already agreed to give a stake to Brazilian company Petrobras, Norwegian company Norskhydro and Italy-based ENI in its countrywide blocks. These companies have an experience of producing oil and gas from deepwater areas.
"We need all the technology we can get in developing our offshore blocks. We are close to a deal with British