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Wednesday, February 19, 2014
Epic Research Update : ONGC
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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