Azerbaijan (2 projects)
ACG fields are located in the south Caspian Sea covering an area of 435 Sq. Km., in a water depth of 120-280 meters and about 95 Km. off the coast of Azerbaijan. The name ACG represents three contiguous, NW-SE trending, sub-surface structures named Azeri, Chirag & Deep-water Guneshli. ONGC Videsh acquired 2.7213% Participating Interest (PI) of ACG in Caspian offshore on 28.03.2013.
ACG PSA extension till 2049 was signed between AIOC partners and SOCAR in September’2017. As per the Restated and Amended PSA for extension period, PI of IOCs has reduced with ONGC Videsh PI becoming 2.31% from the existing 2.7213%. The other partners in the Project are BP ~ 30.37% (Operator-on behalf of AIOC, the operating company), SOCAR – 25%, Chevron~ 9.57%, INPEX~ 9.31%, Statoil~ 7.27%, ExxonMobil~ 6.79%, TPAO~ 5.73%, and Itochu~ 3.65%.
ONGC Videsh acquired 2.36% PI in Baku-Tbilisi-Ceyhan (BTC) pipeline project in Azerbaijan from Hess Oil and Gas Holdings Inc. in March, 2013. Other shareholders are SOCAR-25%, Chevron-8.9%, INPEX-2.5%, Equinor(Statoil)-8.71%, TPAO-6.53%, Itochu-3.4%, TOTAL-5%, ENI-5%,Exxon Azerbaijan Ltd.-2.5% and BP is operator with 30.1% PI.
Bangladesh (2 Projects)
The block is located in offshore Bengal Basin and covers an area of 7269 Sq. Km with water depth ranging from 0 to 100 meter. The block was awarded to consortium of ONGC Videsh Ltd and Oil India Ltd in 2012 Bangladesh bid round and the PSC was signed on 17.02.2014. ONGC Videsh with 45% PI is the operator and other partners are OIL with 45% PI and BAPEX with 10% PI.
The block is located in offshore Bengal Basin and covers an area of 7026 Sq. Km. with water depth from 0 to 100 meters. The block was awarded to consortium of ONGC Videsh Ltd and Oil India Ltd in 2012 Bangladesh bid round and the PSC was signed on 17.02.2014. ONGC Videsh with 45% PI is operator and other partners are OIL with 45% PI and BAPEX with 10% PI.
Kazakhstan (1 project)
The Satpayev offshore block is located in the Kazakhstan sector of the North Caspian Sea and covers an area of 1481 Sq. Km. at a water depth ranging from 4 to 9 meters. ONGC Videsh had signed agreements with JSC KazMunayGas (KMG), the National Oil Company of Kazakhstan, on 16.04.2011 for acquisition of 25% PI in the block. Satpayev operating LLP, a subsidiary of KMG is the operator of Satpayev Block with 75% PI.
Myanmar (6 projects)
Block-A1 & A3
A1 and A3 blocks covering an area of 2,129 Sq. Km. and 3,441 Sq. Km. respectively are located in Rakhine Coast Basin in a water depth ranging up to 1500 meters. ONGC Videsh acquired 17% Participating Interest (PI) in January’2002 in A1 and March’2006 in A3 block. Other partners in the blocks are POSCO INTERNATIONAL, the Operator, with 51% PI, MOGE 15% PI, GAIL 8.5% PI and KOGAS 8.5% PI. Shwe&ShwePhyu gas fields in A1 block were discovered in January’2004 & March’2005 respectively and Mya gas field in A3 block was discovered in January’2006.
Block B2 is located in the Zebyutaung–Nandaw area and geologically in the Northern part of the Chindwin Basin of Myanmar and covers an area of 16,995.58 Sq. Km. The block was awarded to ONGC Videsh in the Myanmar Onshore Bidding Round 2013 and the PSC was signed on 08.08.2014. ONGC Videsh with 97% PI is the operator and other partner M&S is with 3% PI.
The Block EP-3 is located in the Central Burma Basin (BagoYoma Sub Basin) and covers an area of 1649.83 Sq. Km. The block was awarded to ONGC Videsh in Myanmar Onshore Bidding Round 2013 and the PSC was signed on 08.08.2014. ONGC Videsh with 97% PI is operator and other partner M&S is with 3% PI.
The mid-stream project is an unincorporated joint venture between the consortium and is a part of the combined development of Block A-1 and A-3. As a part of this project, 110 Km X 32” gas trunk transportation pipeline has been constructed and is being used for transportation of gas from Shwe Offshore Platform (SHP) to land fall point at Ramree Island. The Onshore gas terminal (OGT), supply base and jetty have been constructed through an EPCIC contract. ONGC Videsh acquired 17% PI in the Offshore Pipeline Project (Pipeco 1) in July’2013 and other partners are MOGE-15%, GAIL-8.5%, KOGAS-8.5% and POSCO INTERNATIONAL is operator with 51% PI.
A joint operating Pipeline Company named South East Asia Gas Pipeline Company Limited (SEAGPCL) was formed and registered in June’2010 by the consortium with the objective of laying trans-country gas pipeline from land fall point at Ramree Island to Ruilli at Myanmar-China border. The joint venture company has laid pipeline of 792.5 Km X 40”. ONGC Videsh holds 8.347% PI in Onshore Gas Pipeline Project (Pipeco 2). The other stakeholders in the pipeline project are POSCO INTERNATIONAL-25.041%, MOGE-7.365%, GAIL-4.1735%, KOGAS-4.1735 % and CNPC is operator with 50.9% PI.
New Zealand (1 Project)
The block PEP-57090 is located in the offshore Taranaki Basin and covers an area of 2120.76 Sq. Km. with water depth ranging from 300 to 800 meters. The block was awarded to ONGC Videsh in the New Zealand Bid Round 2014 and the PSC was signed on 09.12.2014. ONGC Videsh is the operator in the block with 100% PI.
Russia (3 projects)
Sakhalin-1 is a large oil and gas field in far-east offshore in Russia, spread over an area of approx. 1,140 Sq. Km., which includes three offshore fields namely Chayvo (WD-15 meters), Odoptu (WD-25 meters) and ArkutunDagi (WD-35 meters). ONGC Videsh had acquired 20% Participating Interest (PI) in Sakhalin-I on 31.07.2001. Exxon Neftegas Limited (ENL) holds 30% PI and is the operator; SODECO holds 30% & remaining 20% PI is held by Rosneft Subsidiaries.
ONGC Videsh acquired Imperial Energy Corporation Plc., an independent upstream oil Exploration and Production Company having its main activities in the Tomsk region of Western Siberia, Russia in January, 2009. Imperial’s interests comprised of 10 E&P license blocks in the Tomsk region with a total licensed area of approximately 11,038 sq. km, which were granted to the Company during 2005 to 2017 have different validity dates and will expire between the years 2027 and 2038.
Vankor field is having an area of 416.5 Sq. Km. is located in the north-eastern part of West Siberian Basin around 142 Km. from Igarka in the Russian Federation. Vankor is Rosneft’s and also Russia’s one of thelargest field by Production. ONGC Videsh acquired 26% equity (15% equity on May 31, 2016 and additional 11% equity on October 28, 2016) in CSJC Vankorneft, a company organized under the law of Russian Federation which is the owner of Vankor Field and North Vankor license. Other partners are Indian consortium of OIL-IOC-BPRL with 23.9% PI and Rosneft with 50.1% PI is the Operator.
Vietnam (2 projects)
The Block 06.1 located in Nam Con Son basin covering total area of 955 Sq. Km. with water depth 125 to 190 meters and comprises two producing fields namely, Lan Tay and Lan Do. ONGC Videsh acquired 100% stake in the exploration license for Block 06.1 on 19.05.1988. Subsequently, ONGC Videsh divested its share and currently, ONGC Videsh has a PI of 45%, Rosneft Vietnam BV with PI of 35% is the Operator &PetroVietnam holds remaining PI of 20%.
The block is located in Offshore PhuKhanh Basin having an area of 7058 Sq. Km. with water depth ranging from 200 to 2000 meters. ONGC Videsh acquired the block in May 2006. ONGC Videsh is operator in the block with 100% PI.