ONGC Videsh Ltd (OVL), the overseas arm of Indian state upstream company ONGC, has bought a 55% interest in an oil block in Australia from Canadian firm Antrim Energy Inc., According to the Financial Express, Block WA 306 P is located in Australia’s North-West Shelf. OVL chairman Subir Raha told the newspaper: “The stake in…
AUSTRALIA: India’s OVL buys controlling stake in oil block
Posted on September 1, 2004 by EnergyAsia