ONGC Videsh plans to raise $1 bn via dollar bonds issue
UK's BP Plc operated field produces around 700,000 barrels a day (35 million tonnes per annum) of crude oil. This is more than India's annual oil production.
OVL's share of output would be over 19,000 bpd or a little less than one million tonnes per annum.
The acquisition would bring 9 per cent additional proved reserves to OVL.
While the AGC field has total reserves of over 6.5 billion barrels, the 1,768-km BTC pipeline is one of the main export routes for Caspian crude oil production to the Ceyhan terminal in the Mediterranean Sea in south east Turkey, with a capacity of around 1.0 million bpd.
Mutual Funds Check for top funds
Stocks More on ONGC Videsh Ltd
Company INFO More on ONGC Videsh Ltd
Be the first to comment.