ONGC Videsh, Petrovietnam to cooperate

By OGJ editors

State-owned ONGC Videsh Ltd. (OVL) of India and Petrovietnam Oil & Gas Group have signed a 3-year agreement to cooperate on a range of oil and gas activities including exploration and production, refining, and transportation in India, Vietnam, and elsewhere.

In Vietnam, OVL, the international arm of Oil & Natural Gas Corp., has a 45% interest in Lan Tay gas field on offshore Block 0.61 operated by BP and a 100% interest in offshore Block 128, on which drilling is in early stages. Petrovietnam reports no interests in India.

Last year BP agreed to sell its Vietnamese interests to TNK-BP of Russia (OGJ Online, Oct. 18, 2010). The sale awaits approval.

Related Articles

Market watch: Energy futures prices rose slightly Friday

05/06/2002 Crude oil futures prices rose slightly Friday amid lingering uncertainty about a possible disruption of Middle East supplies, although tensions in ...

Gulf of Mexico oil service sector showing signs of an upturn

05/06/2002 The Gulf of Mexico oil service sector is experiencing the signs of an upturn, analysts with Simmons & Co. International, UBS Warburg LLC, and RBC D...

OTC: Industry, national agencies need to work together to make FPSOs work in the gulf

05/06/2002 Over the coming years, the oil and gas industry will have to keep an open line of communication with national agencies such as the US Coast Guard a...

Market watch: Energy futures prices fall as Iraq lifts embargo

05/07/2002 Crude oil futures prices fell Monday after Iraq announced plans to lift a self-imposed export embargo with exports expected to resume by Wednesday.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected