ONGC Videsh searching for oil in South America
As oil prices are surge the oil companies are rushing to secure their oil supplies and the search for oil blocks is extending far beyond the country's borders. ONGC's foreign arm ONGC Videsh, which is already India's largest exploration and production (E&P) company in terms of overseas presence, is now looking to expand its operations further this time looking for oil blocks in South America.
