ONGC Videsh has been offered five offshore oil and gas exploration areas by Vietnam in South China Sea. The exploration areas are in Kossor block in Uzbekistan and exploration bid has been given without bidding, ONGC said on November 21.
The five blocks offered on nomination basis lie outside the territory claimed by China in the South China Sea.
Vietnam’s national oil company PetroVietnam offered Block 17, 41 and 43 while PetroVietnam Exploration Corporation offered blocks 10&11-1 and 102&106/10 and the Kossor block it has in Uzbekistan as Hanoi looks to counter China’s influence in the region.
OVL, the overseas arm of State-owned Oil and Natural Gas Corp (ONGC), in a statement said, it signed a memorandum of understanding with PetroVietnam for joint cooperation in hydrocarbon sector in Vietnam, India and other countries.
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