Press Releases

  • ON Gyani takes over charge as Director (Operations) of ONGC Videsh Limited March 31, 2022 O N Gyani has taken over charge as the Director (Operations) in the Board of ONGC Videsh Limited (OVL) – the international petroleum company of India. Mr Gyanihas rich experience of more than three decades in diverse aspects of reservoir and production management of onshore and offshore fields in ONGC, JV and OVL. Prior to joining in OVL, he was Asset Manager of the largest Onshore Asset – Mehsana. He steered the Asset to reverse the declining trend of production from matured fields and prepared a roadmap for unlocking the true potential of the Asset. Prior to leading Mehsana Asset, he headed ...
  • ONGC Videsh enters the Development stage with the Declaration of Commerciality (DoC) in its Brazil Offshore project BM-SEAL-4 January 24, 2022 ONGC Videsh Limited (OVL) had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4, Brazil, located in the Sergipe Alagoas Basin. Petrobras is the Operator of the block with 75% Participating Interest (PI) and in which partner ONGC Videsh holds 25% PI. ONGC Videsh Limited, after detailed evaluation, now enters into the development stage with the submission of Declaration of Commerciality (DoC) for the block BM-SEAL-4. The block development module of Petrobras envisages the installation of a shared FPSO and a gas pipeline. The name suggested to the Brazilian regulator for the field is Budião. The development module ...
  • Sanjeev Tokhi takes over as Director (Exploration) of ONGC Videsh October 4, 2021 Mr. Sanjeev Tokhi has taken over as the Director (Exploration) on 4 th October 2021 to join the Board of ONGC’s wholly-owned subsidiary, ONGC Videsh Limited (OVL). In his 33 years of illustrious career, Mr. Tokhi commands a diversified exposure in all facets of exploration from Acquisition, Processing and Interpretation (API) to Petroleum Basin Modelling and Project Economics. Under his stewardship, acquisition of state-of-the-art broadband seismic in Mumbai Offshore and consequent analysis of the data led to a number of discoveries, accreting hydrocarbon resources of over a hundred million metric tons. His leadership capabilities left indelible marks in a number of important ...
  • ONGC Videsh begins its exploratory drilling campaign in Bangladesh October 1, 2021 ONGC Videsh Limited, a wholly owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), the National Oil Company of India, has spudded its first well Kanchan#1 in Block SS04, Bangladesh, on 29 th September 2021 at Maheshkhali Island. This exploratory well is planned to be drilled to a depth of 4200 m and will be targeting two prospective formations. This well marks the beginning of exploratory drilling in Bangladesh by ONGC Videsh and will be followed by drilling at two more exploratory locations. ONGC Videsh Ltd., in consortium with Oil India Ltd. (OIL), was awarded two shallow offshore Blocks SS-04 ...
  • ONGC VIDESH Strikes Commercial Oil in Appraisal Well “Indico- 2” in CPO-5 block, Colombia. December 4, 2020 ONGC Videsh Limited (OVL), the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Ltd. (ONGC), the National Oil Company of India has made a significant strike of oil in its onshore block CPO-5, Colombia, in Llanos Basin. OVL is Operator in the block with 70% stake along with its Partner Geopark Ltd. (30% stake) an independent oil and gas company focussed in Latin America. The well “Indico-2” lies approximately 0.9 km northwest of the well Indico-1 in subsurface and was spudded on 21 st Sep, 2020. The target depth of 10,925 ft reached on 20.10.2020. The well ...
  • ONGC Videsh to acquire 13.6667% Participating Interest in Exploitation Area and 15% Participating Interest in Exploration Area under RSSD Production Sharing Contract , Offshore Senegal November 11, 2020 New Delhi : ONGC Videsh through its wholly owned subsidiary has signed definitive binding agreements with FAR Senegal RSSD SA (Seller), a wholly owned subsidiary of FAR Limited (FAR) on –10 th November 2020 for acquiring 13.6667% participating interest in Exploitation Area (Sangomar Field) and 15% participating interest in Remaining Contract Area (Exploration Area) of Rufisque, Sangomar Offshore and Sangomar Deep Offshore (RSSD) Block, Offshore Senegal. Woodside Energy (Senegal) BV (Woodside), Capricorn Senegal Limited (Cairns) and Le Société des Pétroles du Sénégal (Petrosen – the national oil company of Senegal) are other partners in the RSSD Block. The acquisition by ONGC ...