Production sharing contracts (PSCs) for onland exploration blocks B-2 and EP-3 were signed in Myanmar on 8 August, the company said in a statement here.
OVL had bid and won two onland blocks in Myanmar’s bidding round last year. It already has presence in Myanmar with stake in A-1 and A-3 offshore gas blocks and Shwe Gas pipeline. The production of firstGas from this project started in July, 2013.
ONGC Videsh is a wholly owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), the national oil company of India, and is India’s largest international oil and gas E&P company. At present, ONGC Videsh has participation in 35 projects in 16 countries including Azerbaijan, Bangladesh, Brazil,Colombia, Iraq, Kazakhstan, Libya, Mozambique, Myanmar, Russia, South Sudan, Sudan, Syria,Venezuela and Vietnam.
OVL had bid and won two onland blocks in Myanmar’s bidding round last year. It already has presence in Myanmar with stake in A-1 and A-3 offshore gas blocks and Shwe Gas pipeline. The production of firstGas from this project started in July, 2013.
ONGC Videsh is a wholly owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), the national oil company of India, and is India’s largest international oil and gas E&P company. At present, ONGC Videsh has participation in 35 projects in 16 countries including Azerbaijan, Bangladesh, Brazil,Colombia, Iraq, Kazakhstan, Libya, Mozambique, Myanmar, Russia, South Sudan, Sudan, Syria,Venezuela and Vietnam.