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State-run Oil India Ltd has signed an agreement with Canadian Commercial Corporation for collaboration in providing exploration and production services in India and abroad.
An MoU was signed on December 12 last at the Canadian High Commission in New Delhi, a release issued by OIL said in Guwahati on Friday.
The MoU envisages project specific collaboration between OIL and the Canadian goods and service companies in providing exploration and production services within India and abroad.
OIL recognised the need for application of advanced technology for rapid growth in exploration and production services sector after the new exploration licensing policy was introduced by the Ministry of Petroleum and Natural Gas, it said.
OIL's knowledge and experience as an integrated exploration and production company infrastructure, supplemented by state-of-the-art technologies and expertise of the Canadian companies will bring to India a new dimension in providing integrated services in the oil and gas sector, the release added.