ONGC Videsh Limited (ONGC Videsh)- a wholly owned subsidiary of ONGC, the National Oil Company of India, announces that the Government of Mozambique has accorded approval for the Development Plan for Golfinho-Atum natural gas field in the Area 1 block located in the Rovuma Offshore Basin of Mozambique. The plan outlines the integrated development of […]
Category Archives: Press Releases
ONGC Videsh led Indian Consortium comprising of ONGC Videsh, Indian Oil Corporation Limited and Bharat Petro Resources Limited to acquire 10% Stake in Lower Zakum Concession, Offshore Abu Dhabi
ONGC Videsh led Indian Consortium has been awarded 10% Stake in Lower Zakum Concession, Offshore Abu Dhabi. The Concession award by the Supreme Petroleum Council (SPC), on behalf of the Abu Dhabi government, to the Abu Dhabi National Oil Company (ADNOC) and the Indian Consortium, is the first time that Indian oil and gas companies have been […]
ONGC Videsh receives Golden Peacock Award for Risk Management
ONGC Videsh receives Golden Peacock Award for Risk Management ONGC Videsh received Golden Peacock Award for Risk Management 2017 instituted by the Institute of Directors (IOD) on 14th December 2017 during Global Convention on Corporate Ethics & Risk Management held at Singapore. (Executive Committee with Risk management team during Award trophy and Citation handover) A […]
ONGC Videsh Declares H1 FY’18 Financial Results
Financial results of ONGC Videsh Ltd, the wholly-owned subsidiary of ONGC, for the half year ended September 30, 2017 were considered and approved by the Board in its meeting held on November 13, 2017. The performance highlights are as under: Consolidated Crude Oil and Oil Equivalent Gas production during H1FY’18 was higher by 28.14% at […]
ONGC Videsh completes acquisition of 30% participating interest in Petroleum Exploration License 0037 Offshore Namibia
New Delhi, 4th October 2017: ONGC Videsh Limited (ONGC Videsh), a wholly owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC) has completed the acquisition of 30% Participating Interest in Namibia Petroleum Exploration License 0037 for Blocks 2112A, 2012B and 2113B and related agreements (License), Offshore Namibia from Tullow Namibia Limited (Tullow), a wholly […]
Azerbaijan Government’s announcement of extension of ACG PSA to 2049 with co-venturers, including ONGC Videsh Limited
New Delhi – ONGC Videsh Limited announced that the Consortium partners of the giant ACG Fields in Azerbaijan have entered into an agreement with Azerbaijan Government and State Oil Company of the Azerbaijan Republic (SOCAR) for extension of duration of the Production Sharing Agreement (PSA) for Azeri-Chirag-Deep water portion of Gunashli (ACG) oil fields until […]
ONGC Videsh to acquire 30% participating interest in Petroleum Exploration License 0037 Offshore Namibia
ONGC Videsh to acquire 30% participating interest in Petroleum Exploration License 0037 Offshore Namibia New Delhi : ONGC Videsh has signed definitive binding agreements with Tullow Namibia Limited (Tullow), a wholly owned subsidiary of Tullow Oil plc, on 28th June 2017 for acquiring 30% participating interest in Namibia Petroleum Exploration License 0037 for Blocks 2112A, 2012B […]
ONGC Videsh Declares FY’17 Financial Results
ONGC Videsh Declares FY’17 Financial Results New Delhi: May 24, 2017 Financial results of ONGC Videsh Ltd, the wholly-owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), for the year ended March 31, 2017 were considered and approved by the Board in its meeting held on May 22, 2017. The performance highlights are as […]
PRESS RELEASE
ONGC Videsh has encountered exciting result in its well Mariposa-1 which is under drilling in CPO-5 block of Colombia. ONGC Videsh is the operator of the block and holds 70% P.I and Amerisur Resources holds the remaining 30%. The well Mariposa-1 commenced drilling on March 24, 2017 and was directionally drilled to a total depth […]
ONGC Videsh Bond Issuance Awarded the Best Corporate Bond Deal from India 2016
ONGC Videsh Vankorneft’s US$1 billion dual-tranche bond deal has been awarded the “Best Corporate Bond” deal from India at The Asset Triple A Country Awards 2016. This was the first dual-tranche issuance out of India in 2016 and executed swiftly to access a favourable market issuance window. The award on behalf of OVVL was received […]