Oil India Ltd, the second largest State explorer, has signed a contract for two offshore oil and gas blocks it had bagged in Myanmar. OIL along with its consortium partners signed a production sharing contract (PSC) with Myanmar Oil and Gas Enterprise (MOGE) for two offshore blocks M4 and YEB at Nay Pyi Taw, the company said in a statement.
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Project management tools are key to global market capture
Indian companies engaged in O&G exploration are yet to fully exploit the marquee project management tools and processes in order to streamline the procedure for optimum results.