Brazil's Petrobras has offered 25-30 per cent stake to state-run Oil and Natural Gas Corporation in three exploration blocks, a Petrobras official said on Monday.
In return, ONGC has offered 15-40 per cent stake in its three deep-water blocks on India's east coast, Petrobras manager Demarco Epifanio said.
{{^htLoading}} {{/htLoading}}
"Preliminary agreement on these deals will be signed shortly," he said.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Advertisement
{{/htLoading}}{{#usCountry}}