ONGC Videsh (OVL) has signed Production Sharing Contracts (PSCs) for two onshore blocks in Myanmar.
The contracts were signed between OVL, Myanmar Oil & Gas Enterprises (MOGE), National Oil Company of Myanmar, and Machine & Solutions (M&S), the local partner.
OVL, the overseas arm of ONGC, was awarded two onshore blocks, B2 and EP-3, in the Myanmar Onland Bidding Round 2013.
OVL has participation in 35 projects in 16 countries including Bangladesh, Brazil, Colombia, Iraq, Kazakhstan, Libya, Mozambique, Myanmar, Russia, South Sudan, Sudan, and Vietnam.