Epic Research Update : Oil and Natural Gas Corporation

Oil and Natural Gas Corporation’s (ONGC) overseas arm – ONGC Videsh (OVL) signed Production Sharing Contract (PSC) for two shallow water exploration blocks SS-09 & SS-04 in the Bay of Bengal of Bangladesh on February 17, 2014. OVL along with Oil India (OIL) formed a consortium (50:50) and participated in the Bangladesh Offshore Bidding Round 2012, launched by Bangladesh Government during December 2012.


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