ONGC hits in Arabian Sea; adds to JV block

Oil and Natural Gas Corp. Ltd. (ONGC) announced an offshore discovery in well B-12-11 in PEL block BOFF 1,2,3 on the Arabian Sea.

Offshore staff

NEW DELHI, India -- Oil and Natural Gas Corp. Ltd. (ONGC) announced an offshore discovery in well B-12-11 in PEL block BOFF 1,2,3 on the Arabian Sea.

In other news, ONGC says it will take a 30% additional stake in the development phase of Gulf-A in the joint venture block of CB-OS-1, at the northern-most end of the Gulf of Cambay, bringing their share to 55.26% of capex. The other partners in this JV are Tata Petrodyne and HOEC.

02/26/2008

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