ONGC to acquire stake in UAE’s ADNOC oil offshore concession - sources

作者:Ann    發表日期:2018-08-29 15:35:57

India's biggest explorer Oil and Natural Gas Corp (ONGC) is due to sign a contract on Saturday to acquire a stake in Abu Dhabi National Oil Company (ADNOC)'s offshore oil concession, three sources familiar with the matter said.

That would make ONGC the first firm to secure a stake in the new concession which expires in March.

Sources told Reuters that ONGC would get up to a 10-percent stake, valuing the deal at USD 600 million.

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An official announcement is expected later on Saturday, the sources said.

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ADNOC could not immediately be reached for comment.

State-owned ADNOC said in August it would split its ADMA-OPCO offshore oil concession into two or more areas with new terms to unlock greater value and increase opportunities for partnerships.

本文來源:http://www.moneycontrol.com/news/business/companies/ongc-to-acquire-stake-in-uaes-adnoc-oil-offshore-concession-sources-2505137.html




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