Octopus and Indian partners have created a joint venture Octomaks Technologies
Considering the increase in demand for hydrocarbons, the Government of the Republic of India set a task to expand the volume of oil and gas production in Indian fields in order to reduce oil imports and expand the chain of local oil and gas processing plants. Octopus JSC and its Indian partners (STORK Group of Companies) in July 2018 established an Octomaks Technologies joint venture (JV) in the Republic of India. The purpose of the joint effort is to conduct geological exploration and implement projects on improvement of the efficiency of field development. The main customers are ONGC, the largest Indian oil and gas production company, and also private Indian oil and gas operators.