"ONGC Videsh and Oil India to Acquire Videocon Mozambique from Videocon Hydrocarbon for US$2.47 Billion to Expand Their International Oil and Gas Asset Portfolio - Deal Analysis from GlobalData" Published
ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have signed a definitive agreement to acquire Videocon Mozambique Rovuma 1 Limited (Videocon Mozambique) from Videocon Hydrocarbon Holdings Limited (Videocon Hydrocarbon) for a purchase consideration of US$2.47 billion. Videocon Mozambique possesses a 10% participating interest in the Offshore Area 1 block in the Rovuma basin, Mozambique.
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