Delhi: ONGC today said that it is talking with with
UK-based Cairn Energy to buy its Indian assets, which
includes its majority ownership in RJ-ON-90/1 oil block
is believed to have sought offers for its 22.5-per cent
stake in the Ravva oilfield, which produces about 50,000
barrels of per day, and in Rajasthan, where more than
a dozen discoveries have been made.
it is not known how far the talks have progressed nor
was the purchase price indicated.
is believed to be keen on acquiring these oil assets
if it can negotiate with Cairn on its expectation of