ONGC to Bring Smaller Fracking Companies in Texas to India
Capital Market
The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed that Oil and Natural Gas Corporation (ONGC) carries out frack jobs in nearly 120-140 wells per year by utilizing their existing equipments. To meet the additional work plan, ONGC is in the process of acquiring more fracking units for enhancing its in-house fracturing capacity. In addition, ONGC has organized road show at Calgary in April 2015 to attract foreign companies to India to meet immediate additional fracking demand.
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