offshore

ONGC Videsh (OVL) has received licences for two oil and gas blocks in Sudan, as it plans to improve its energy partnership with the oil-rich African country.

On a nomination basis, Sudan offered the overseas unit of the state-owned Oil and Natural Gas Corporation two major oil fields on land Block 8 and offshore Block 15.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

While Block 8 is considered to have an oil discovery, Block 15 is an exploration acreage, reports Press Trust of India.

Following evaluation of data and if the blocks are suitable for investment, OVL plans to acquire complete rights.

Since 2003, OVL has been operating in Sudan when it acquired a stake in oil producing Blocks 1, 2 and 4 and the Sudan Crude Transport System.

See Also:

Speaking on the sidelines of the Petrotech 2014 conference near New Delhi, Indian Oil Minister M Veerappa Moily said: "Sudan has offered two blocks."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Following its separation with South Sudan in 2012, Sudan had lost most of its major oil fields.

"Sudan has offered two blocks."

OVL bought a 25% stake in the Greater Nile Oil Project (GNOP) in 2003.

This project comprised the upstream assets of onland Blocks 1, 2 and 4, which were spread over 49,500km² in the Muglad Basin, situated approximately 700km south-west of the Sudanese capital city of Khartoum.

Besides, GNOP owns a nearly 1,500-km crude oil pipeline from Heglig to Port Sudan at Red Sea.

In 2013, OVL acquired a stake in the Azeri-Chirag-Guneshli oilfields, as well as the Baku-Tbilsi-Ceyhan pipeline.

Indian firms have been keen on acquiring oil and gas exploration and production projects in central Asian nation, Azerbaijana.

Image: Offshore Block 15 was awarded on a nomination basis. Photo: courtesy of num_skyman.

Energy link