International energy giant ConocoPhillips has studied 19 ultra-deep-water blocks of Oil and Natural Gas Corporation (ONGC) and would choose the ones that it plans to acquire.
In order to benefit from technology and the experience of ConocoPhillips in deep water blocks, ONGC decided to partner with the company. The US-based firm is holding discussion with ONGC on this matter and it is learnt that the former might pick stake in more than one block.
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