March 25 (Bloomberg) -- Oil & Natural Gas Corp., India’s biggest energy explorer, is seeking to buy oil-sands assets in Canada, three people familiar with the matter said.
ONGC is currently evaluating the finances of a Canadian field, the people said, asking not to be identified because the discussions are preliminary. The explorer is considering buying an asset that can produce about 10,000 barrels a day of heavy oil, worth at least $1 billion, two of the people said.
http://www.bloomberg.com/apps/news?pid=20601072&sid=aiNcwOjWgIPQ
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