ONGC Rises On Talks With Ecuador For Upstream Oil Investments

Gold Silver Reporta (GSR) – ONGC Rises On Talks With Ecuador For Upstream Oil Investments – Shares of the government-owned oil exploration company rose as much as 2.97 percent to Rs 185.55 after Ecuador held talks with ONGC for investment in upstream oil projects, Carlos Garcia, South American nation’s minister of hydrocarbon said.

📌 Ecuador offered two projects — Intracampos, which has 8 blocks, and Block 20: Garcia

📌 Intracampos blocks very close to becoming producing assets

📌 ONGC looking for assets with production of 25k b/d, Garcia says