ONGC Videsh Ltd and Rosneft signed an agreement of confirmation of successful completion of the first stage pre-completion actions in relation to the creation of a joint venture in JSC Vankorneft. Vankorneft, Rosneft subsidiary, was established in 2004 for development of Vankor oil and gas condensate field – the largest of the fields, discovered and […]
India’s Oil and Natural Gas Corp (ONGC) will drill for oil in the Russian Arctic region in association with Rosneft, the biggest oil company in Russia. The companies will co-operate in subsurface surveys, exploration and appraisal activities and hydrocarbons production in Russia’s offshore Arctic, ONGC said in a statement. India has been hungry for hydrocarbons […]
ONGC Videsh Ltd, India’s foreign-asset oriented state oil explorer, said it has signed a Production Sharing Contract (PSC) for two offshore blocks with the Bangladeshi government. The production sharing contract, the most important contract between a producer and the host country, was signed for shallow water exploration blocks SS-09 & SS-04 in the Bay of […]
