ONGC Videsh signs PSC with Oil India for shallow-water blocks in Bangladesh

ONGC Videsh has signed a production sharing contract with Oil India Ltd. for two shallow-water exploration blocks, SS-09 and SS-04, in the Bay of Bengal of Bangladesh.

Feb 18th, 2014

Offshore staff

NEW DELHI, IndiaONGC Videsh (OVL) has signed a production sharing contract (PSC) with Oil India Ltd. (OIL) for two shallow-water exploration blocks, SS-09 and SS-04, in the Bay of Bengal of Bangladesh.

Previously, OVL and OIL formed a 50/50 consortium and participated in the Bangladesh Offshore Bidding Round 2012, in which they were awarded the two shallow-water blocks.

02/18/2014

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