The team will decide which of these areas require immediate attention by IOC and ONGC. The final report is expected to be submitted during the next 10 days after which some important decisions on working together will be taken. Sources said that exploration & production as also refining & marketing will be given top priority in terms of joint participation while in the case of the other fields, there could be a wait-and-watch attitude. It may be recalled that IOC and ONGC had also recently entered into a 10 per cent equity crossholding indicating their intentions to work together more closely in the future. Once the Government also announces its intention to privatise the two oil PSUs, there is everylikelihood of a merger happening in the future.