ONGC Videsh acquires 15 per cent stake in Namibia oil block

摘要

ONGC Videsh has acquired a 15 per cent stake in an oil block in Namibia for an undisclosed amount. According to reports the Namibia Petroleum Exploration License (PEL) 30 has given a 15 per cent participating interest to OVL in Block 2012A from Tullow Oil of UK. This is OVL's second acquisition in the African nation.