Category Archives: Archive Press Releases

ONGC Videsh acquires 15% interest in Vankor Field located in East Siberia of the Russian Federation

ONGC Videsh Limited, a wholly owned subsidiary of Oil and Natural Gas Corporation Ltd. completed on 31st May, 2016, the acquisition of 15% equity from Rosneft Oil Company, in JSC Vankorneft, a company organized under the law of Russian Federation which is the owner of Vankor Field and North Vankor license. Rosneft, the national oil […]

Rosneft and ONGC Videsh sign Memorandum of understanding (MoU)

Rosneft and ONGC Videsh signed a Memorandum of Understanding for the potential acquisition of 11% shares in the Vankorneft by ONGC Videsh in addition to the 15% shares for which the definitive agreement was signed earlier in September 2015. Thus, ONGC Videsh would be acquiring a total of 26% shares in Vankorneft. The MoU was […]

ONGC Videsh signs “Memorandum of Understanding” with The Republic of Equatorial Guinea

ONGC Videsh Limited (ONGC Videsh) and The Republic of Equatorial Guinea have entered into a ‘Memorandum of Understanding’ (MOU) on 20th January 2016 to cooperate in the upstream hydrocarbon sector in Equatorial Guinea. The MOU was signed by Mr Narendra K Verma, Managing Director & CEO, ONGC Videsh Limited on behalf of ONGC Videsh and […]

ONGC Videsh to acquire 15% interest in Vankor Field located in East Siberia of the Russian Federation  

  New Delhi, 4 September, 2015: ONGC Videsh Limited signed definitive agreements to acquire up to 15% shares in CSJC Vankorneft, a company organized under the law of Russian Federation which is the owner of Vankor Field and NorthVankor license. Rosneft Oil Company, NOC of Russia holds 100% shares in Vankorneft. The acquisition is subject […]

Mr. Sudhir Sharma takes over as Director (Exploration), ONGC Videsh

 Sudhir Sharma has taken over as the Director (Exploration) in the Board of ONGC Videsh, the international  petroleum company of India. He brings over three decades of experience in various  domestic  and overseas  capacities to this role. He was most recently the Country Manager and Legal Representative for Company’s Colombia  operations  for  over a year. […]