ONGC Videsh Rumored to Be Considering Acquisition of Interests in Four Blocks in Nigeria from Sterling Exploration and Energy: The Deal Will Help ONGC Videsh to Increase Its International Oil and Gas Asset Portfolio - Deal Analysis from Glo
ONGC Videsh Limited (ONGC Videsh), an overseas arm of Oil and Natural Gas Corporation Limited (ONGC), intends to acquire 25-30% stakes in four onshore blocks in the Niger Delta, namely OPL 277, OPL 280, OPL 2005 and OPL 2006, from Sterling Exploration & Energy Production Company Limited (SEEPCO), an oil and gas company. The story has been reported by the Economic Times, citing a source involved in the negotiations. The transaction is expected to be valued at up to US$2,000...
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