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ONGC-Mittal wins two blocks in Nigeria

Saturday, 20 May 2006
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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)

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