Press Releases

  • 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 ...
  • Alok K. Gupta takes over as Managing Director & CEO of ONGC Videsh November 11, 2020 Industry veteran AK Gupta has taken over as Managing Director & CEO of ONGC Videsh, the international petroleum company of India and the overseas arm of national oil and gas major ONGC. He brings with him over three decades of experience in various capacities in domestic and overseas oil and gas exploration and production operations. Before getting elevated to MD, He has been the Director (Operations) of ONGC Videsh, where he has been relentless in framing future strategies for the company in different global geographies amidst the unprecedented challenges imposed by COVID-19 pandemic. During his stewardship the company achieved the highest ...
  • ONGC Videsh makes two new discoveries in Colombia and Brazil October 16, 2019 ONGC Videsh makes two new discoveries in Colombia and Brazil ONGC Videsh has recorded discoveries of oil in its onshore exploration block CPO-5, Colombia in the Llanos basin and major gas in the deep offshore exploration block BM-SEAL-4, Brazil in the Sergipe Alagoas Basin. Well Sol-1, Colombia Well Sol-1, in the block CPO-5 encountered the oil bearing sands of 8 meters at a depth of 2852m. Oil discovery in Sol-1 confirms the extent of oil pay further south of the block. ONGC Videsh had earlier discovered commercial oil in the same pay in wells Mariposa-1 and Indico-1 in 2017 and 2018, respectively. Both ...
  • Alok Kumar Gupta takes over as Director (Operations), ONGC Videsh September 4, 2019 AK Gupta has taken over as the Director (Operations) in the Board of ONGC Videsh, the international petroleum company of India. He brings over three decades of experience in various capacities in domestic and overseas operations. He was most recently the Asset Manager Designate of Assam and prior to that Asset Manager Silchar, ONGC. Earlier, as Head of Business Development in ONGC Videsh, he managed the global business development activity of the company. In his first stint with ONGC Videsh, he managed ONGC Videsh assets in diverse geographies. Mr Gupta was instrumental in implementing projects from concept to commissioning, executed projects ...
  • Joint Venture Partners of Mozambique Rovuma Offshore Area 1 seal more LNG Sale and Purchase Agreements February 26, 2019 ONGC Videsh Limited (ONGC Videsh) – a wholly owned subsidiary of ONGC, the National Oil Company of India, announces that Mozambique LNG1 Company Pte. Ltd., the jointly owned marketing entity of ONGC Videsh and joint venture partners of Mozambique Rovuma Offshore Area 1 project incorporated at Singapore, has entered into long-term LNG Sale and Purchase Agreement (SPA) with a) Tokyo Gas Co. Ltd. (Tokyo Gas) and Centrica LNG Company Ltd., a subsidiary of Centrica plc (Centrica) through a co-purchasing agreement for  sale of 2.6 million tonnes per annum (MMTPA) from the start-up of production until the early 2040s; b) CNOOC ...