Venezuela's state oil company, a JV partner, says deal is likely to be signed soon
The project involves drilling 406 development wells in oil fields in the state's Cambay Basin
The state-run firm aims to produce 5.1 mmscmd gas from Tripura fields
Recommendation supports ONGC's demand as well; co had demanded it to make Rs 40,000 crore planned investment in KG Basin viable
The demand is being made so as to make ONGC's Rs 40,000 cr planned investments in the Krishna Godavari Basin viable