ONGC Vankorneft Pte. Ltd. is acquiring a 15% participating interest in Petroleum Exploration License 0030 offshore Namibia under definitive binding agreements with Tullow Namibia Ltd.
ONGC Vankorneft Pte. Ltd. is acquiring a 15% participating interest in Petroleum Exploration License 0030 offshore Namibia under definitive binding agreements with Tullow Namibia Ltd.
Eco Atlantic, with 32.5%, and partners are studying a prospect called Osprey in 500 m of water on the block.
After the acquisition by the ONGC Videsh unit, other interests will be AziNam Ltd., 32.5%, and National Petroleum Corp. of Namibia and Tullow, 10% each.
