India, the world's third-biggest oil importer and consumer, ships in about 85% of its oil needs from overseas and has been scouting for partnerships with global oil majors to quickly monetise its reserves.
“They (Exxon) are in talks to invest in deep see exploration (assets) around Andamans (on India's east coast). They are evaluating data,”Kapoor told Reuters.
ONGC chairman Subhash Kumar, earlier on Friday said that his company was looking for strategic partnerships to develop its difficult deepwater oil and gas fields.
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