ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have signed definitive agreements on 25th June 2013 with Videocon Mauritius Energy Limited to acquire 100% of shares in Videocon Mozambique Rovuma 1 Limited

The company is holding a 10% participating interest in the Rovuma Area 1 Offshore Block in Mozambique (Area 1) for US$ 2,475 million.


Subsidiaries of ONGC


ONGC Videsh Limited (OVL) is the international arm of ONGC.
It was rechristened on 15 June 1989. It currently has 14 projects across 16 countries.

Presence of ONGC Videsh Limited (OVL) are at the following Places:

Latin America;

-Brazil (Block BC-10, BM-SEAL-4, BM-BAR-1, BM-ES-42, BM-S-73 & S-74)

-Colombia (Block LLA-69, RC-8, RC-9, RC-10, SSJN-7 & CPO-5)

-Cuba (Block N-25, N-26, N-27, N-28, N-29 N-34, N-35 & N-36 Block)

-Venezuela (Block San Cristobal, Block Carabobo-1)


CIS & Far-East;

-Vietnam (Block 06.1, 127, 128)

-Myanmar (Block A-1, A-3, AD-2, AD-3 & AD-9, Pipeline Project- PipeCo-1, PipeCo-2)

-Russia (Block Sakhalin-I, 69, 70–1, 70–2, 70–3, 77, 80, 85–1, 85–2 and 86)(15% shares in csjc vancourneft company of vancour)

-Kazakhstan (Satpayev Exploration Block)


Africa;

-Libya (Block NC-189, 81–1, Contract Area 43)

-Nigeria (Block OPL 279, OPL 285, Block-2)

-Sudan & South Sudan (GNOP/GNPOC/GPOC- 1, 2 & 4, Block 5A, Pipeline- Khartoum-Port Project)

-Mozambique (Rovuma Area 1 Offshore)


Middle East;

-Iraq (Exploration Block-8)

-Syria (Al Furat (4 PSA), Block-XXIV)

-"Mangalore Refinery and Petrochemicals Limited"