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Offshore Netherlands India

India gives nod to OVL’s $380m Egypt offshore well stake

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India’s cabinet committee on economic affairs has approved a $380m investment plan by ONGC Videsh (OVL), the overseas investment arm of the state-owned Oil & Natural Gas Corp, to acquire 33% equity in an Egyptian deepwater block from operator Royal Dutch Shell.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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