ONGC Videsh inks contract for two exploration blocks in Myanmar

Aug 12 2014, 02:08 IST
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SummaryONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), on Monday said it has signed a contract for two exploration blocks in Myanmar.

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), on Monday said it has signed a contract for two exploration blocks in Myanmar.

Production Sharing Contracts (PSCs) for onland exploration blocks B-2 and EP-3 were signed in Myanmar on August 8, 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.

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