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OVL proposes to invest more capital in Vietnam block
May 17, 2013May 17, 2013by In Oil & Gas

OVL proposes to invest more capital in Vietnam block

ONGC Videsh (OVL), the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), is awaiting government approval for investing an additional $65.67 million in an hydrocarbon block in Vietnam. In 1988, OVL acquired exploration license for Block 06.1, in which it holds 45 per cent stake. TNK Vietnam BV is the operator with 35 per cent stake and the remaining 20 per c