ONGC Videsh, Petrovietnam to cooperate

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.

Bob Tippee

Oct. 12, 2011

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.

About the Author

Bob Tippee

Editor

Bob Tippee has been chief editor of Oil & Gas Journal since January 1999 and a member of the Journal staff since October 1977. Before joining the magazine, he worked as a reporter at the Tulsa World and served for four years as an officer in the US Air Force. A native of St. Louis, he holds a degree in journalism from the University of Tulsa.