OVL may get to dig 2 more blocks in Venezuela

indiatimes.com     Apr 10, 2008            

One of the blocks is located in Junin fields which is stated to have about 50 billion barrels of recoverable oil reserve. ... The breakthrough comes on the heels of OVL signing an agreement with Venezuela’s national oil company PdVSA on Tuesday to pick up 40% stake in... [read full story]                    

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ONGC Makes 28 Exploration Discoveries In 2007-08

thinkinfra.com     Apr 8, 2008          

www.financialexpress.com reports that India’s exploration and production (E&P) major Oil & Natural Gas Corporation (ONGC), which has firmed up an investment of Rs 71,000 crore in the 11th Plan in E&P sector, has succeeded in 28 exploration discoveries comprising oil (11) and gas (17) in 2007-08....                    

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India:OVL & PDVSA form joint crude venture

fibre2fashion.com     Apr 10, 2008          

ONGC Videsh Limited (OVL) and Petroleos De Venezuela S.A. (PDVSA) signed in Caracas, Venezuela on April 8, 2008 (India time late night yesterday) a Joint Venture agreement for the San Cristobal Field in Junin, Orinoco Region of Venezuela. This JV agreement was concluded...                    

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Chavez promises oilfields to India

business-standard.com     Apr 10, 2008          

Venezuelan President Hugo Chavez on Wednesday promised to give India more oilfields in its heavy-oil belt, touted to hold the world's largest fossil fuel reserves, as he seeks to tap the world's ... Venezuelan President Hugo Chavez on Wednesday promised to give India more...                    

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