ONGC Mittal Energy Ltd, a joint
venture between ONGC and the LN Mittal Group, has won two oil blocks in Nigeria under a
mini bid round. ONGC-Mittal combine won Blocks 209 and 212 in Nigeria's
licensing rounds of exploring oil blocks.
Nigeria had invited bids for 17
blocks, for which OMEL had bid for the two blocks at about $50 million (Rs.212
crore) and $75 million (Rs.209 crore), respectively. The two fields were
discovered by Shell and Exxon.
Also See (Recursive):
OMEL signs pact
with Nigeria (12-Nov-05)
intpetro