India's ONGC accelerates global investment strategy as competition heats up at home

A platform is shown in the Bombay High area off Mumbai, India. Long a mainstay of Indian oil production, the Bombay High area has seen 4 consecutive years of decline. Sliding domestic oil production has spurred state oil company Oil & Natural Gas Corp. to accelerate a strategy of finding and producing oil abroad. Photo courtesy of ONGC. The Sagar Samrat jack up, recently upgraded and refurbished at India's Cochin shipyard, is shown on location in the Bombay High area off Mumbai. State oil company Oil & Natural Gas Corp. is stepping up offshore exploration in a bid to stem India's accelerating oil production decline. Photo courtesy of ONGC. [3...

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