India's Oil and Natural Gas Corp (ONGC) plans to rapidly ramp up crude oil production of Imperial Energy, the firm it acquired early this year, and consolidate operations even as it looks at opportunities to expand its presence in western Siberia.
As a confidence building measure, India's Petroleum Minister Murli Deora visited the Imperial Energy headquarters here and met Tomsk Governor Viktor Kress. The visit was aimed at helping the transition of the company from British parentage to an Indian one.
Deora, who flew into this sleepy western Siberia town yesterday evening, was given a presentation on Imperial operations and was informed that the output would be ramped up to about 16,000 bpd by the year end. By the end of 2010, the production is targeted to cross 25,000 bpd.
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