ONGC signs a deal with ExxonMobil for deepwater reserves

India’s Oil and Natural Gas Corp (ONGC) signed a deal with global oil major ExxonMobil Corp for deepwater exploration in India’s eastern and western coasts. Under the deal, ONGC and ExxonMobil will put their attention on the deepwater reserves in India’s East and West coasts. The signing of the Heads of Agreement (HoA) ends ONGC