January 31, 2015 7:39 AM ET

Oil, Gas and Consumable Fuels

Company Overview of ONGC Videsh Limited

Company Overview

ONGC Videsh Limited acquires, explores, develops, produces, transports, and exports oil and gas in India and internationally. The company participates in 33 projects, including 13 producing projects, 14 exploration blocks, 4 discovered/development blocks, and 2 pipeline projects in 16 countries comprising Vietnam, Iraq, Libya, Syria, Sudan, South Sudan, Iran, Mozambique, Brazil, Venezuela, Russia, Myanmar, Colombia, Bangladesh, Kazakhstan, and Azerbaijan. As of March 31, 2014, it had total oil and gas reserves of 637 million tonne oil equivalent. The company was formerly known as Hydrocarbons India Private Limited and changed its name to ONGC Videsh Limited in June 1989. ONGC Videsh Limited ...

Kailash

6th Floor

26, Kasturba Gandhi Marg

New Delhi,  110001

India

Founded in 1965

312 Employees

Phone:

91 11 2373 0368

Fax:

91 11 2373 0369

Key Executives for ONGC Videsh Limited

Managing Director and Director
Age: 55
Director of Finance
Age: 57
Director of Operations and Director
Executive Vice President
Senior Vice President
Age: 51
Compensation as of Fiscal Year 2014.

ONGC Videsh Limited Key Developments

ONGC Videsh Is Not Acquiring Stake In Leviathan Field

Oil and Natural Gas Corp. Ltd. (BSE:500312) stated that "we would like to clarify that ONGC Videsh is currently not pursuing any stake in Leviathan field off Israel coast."

ONGC Videsh and Chevron Secures New Zealand Oil, Gas Exploration Licenses

ONGC Videsh along with Chevron have been awarded 15 oil and gas exploration licenses by New Zealand government. With this, ONGC Videsh has made its first foray into New Zealand with one offshore exploration permit in the Taranaki Basin, in the same region as several commercially successful oil and gas fields.

ONGC Videsh To Acquire Vankor And Yurubcheno-Tokhomskoye

ONGC Videsh Limited will sign a memorandum of understanding for acquiring Vankor and Yurubcheno-Tokhomskoye fields in the next week, government officials said. OJSC OC Rosneft (LSE:ROSN) has offered to sell 10% stake in Vankor oilfield in Siberia to OVL. Sources said OVL is doing due diligence on the proposal and will make an offer post that. Besides Vankor, Rosneft has also made a proposal to OVL for joint development of Yurubcheno-Tokhomskoye oilfield in eastern Siberia.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 16, 2014
Block 102/10 and Block 106/10 in South China Sea
 

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