Partager :   
-
ONGC Videsh signs MOU with SOCAR Trading
édité le 01/06/2016 - Plus de news de "ONGC" - Voir la fiche entreprise de "ONGC"
 ONGC Videsh Limited and SOCAR Trading SA signed an MoU on 27th of May 2016 at Geneva. The Objective of MoU is to explore possibilities of Joint Marketing of ONGC Videsh's crude oil portfolio by leveraging SOCAR Trading's experience in oil trading. The MoU was signed by S P Garg, Director (Finance) ONGC Videsh Limited and Arzu Azimov, CEO, SOCAR Trading SA.
Initially, both parties agreed to initiate discussion on Joint Marketing Agreement in respect of ONGC Videsh's equity crude from ACG, Azerbaijan and based on the performance of this agreement both parties will mutually agree to optimise price realisation of other crudes from ONGC Videsh's portfolio either through Joint Marketing or Joint Venture route.
About ONGC Videsh
ONGC Videsh is a wholly owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), the National Oil Company of India, and is India's largest international oil and gas E&P Company. At present, ONGC Videsh has 36 projects in 17 countries including Azerbaijan, Bangladesh, Brazil, Colombia, Iraq, Kazakhstan, Libya, Mozambique, Myanmar, Russia, South Sudan, Sudan, Syria, Venezuela, Vietnam and New Zealand. ONGC Videsh is currently producing 179 thousand barrels of oil and oil equivalent gas per day and has total oil and gas reserves of about 632.65 mmtoe as on 31st March 2016.
About ONGC
ONGC's market capitalization as on 27th May 2016, was INR 1,822 billion (US$ 27.17 billion). During the financial year ended 31st March 2016, ONGC Group had produced 57.38 million tonne of oil and oil equivalent gas (mmtoe) (approx. 1.15 mmboe per day); the Consolidated Gross Turnover was INR 1,429.27 billion (US$ 21.83 billion), Consolidated Net Profit was INR 141.24 billion (US$ 2.16 billion) for the year 2015-16 and total oil and gas reserves were 2,022 mmtoe as on 31st March 2016.
About SOCAR Trading SA
SOCAR Trading is the international marketing and development arm of SOCAR, the State Oil Company of Azerbaijan. SOCAR Trading was incorporated in December 2007 with a mandate to market Azeri barrels produced from the Azeri-Chirag-Guneshli field and other surrounding fields in Azerbaijan.
Origine : Communiqué ONGC
| Les dernières news de "ONGC" |
- 06/05/2025 - Shell, Reliance, and ONGC set benchmark with India’s first offshore facilities decommissioning project
- 12/02/2025 - ONGC and bp to explore collaboration in exploration and production, trading and other energy vectors, in India and internationally
- 13/01/2025 - ONGC onboards Technical Services Provider for enhancing production from Mumbai High Field
- 23/09/2024 - Signing of Non-Associated Gas deal in Azeri-Chirag-Deepwater Gunashli (ACG), Azerbaijan
- 08/02/2024 - ONGC signs Cooperation Agreement with TotalEnergies to Detect and Measure Methane Emissions
- 16/08/2023 - ONGC transforming into a low-carbon energy player in a big way: to scale up renewable portfolio to 10 GW by 2030
- 11/05/2023 - ONGC : Successive Discoveries in OALP Blocks Amrit and Moonga on Arabian Sea
- 13/09/2022 - ONGC signs 6 contracts for Discovered Small Fields in Offshore during DSF-III, 2 contracts under CBM bid round-2021
- 17/08/2022 - ONGC inks Heads of Agreement with ExxonMobil for Deepwater exploration in Indian East and West coasts
- 27/05/2022 - ONGC to intensify its Exploration Program; investment in exploration to be 150% over next 3 years
- 27/04/2022 - ONGC inks MoU with Norway’s Equinor to collaborate on E&P, clean energy
- 12/11/2020 - ONGC Videsh to acquire 13.6667% Participating Interest in Exploitation Area and 15% Participating Interest in Exploration Area under RSSD Production Sharing Contract , Offshore Senegal
- 15/05/2020 - ONGC awards 49 marginal oil fields to seven firms
- 04/10/2018 - ONGC awards contract for Integrated (SPS + SURF) Work Package for Development of its Mega Deep Water Project KG-DWN-98/2 (Cluster-2) in East Coast
- 02/05/2018 - ONGC drills 503 wells in 2018 - Highest in 27 years
- 05/03/2018 - ONGC Videsh announces the approval of the development plan for Golfinho-Atum field in the Rovuma Area 1 Offshore Block in Mozambique
- 12/02/2018 - ONGC led Indian Consortium to acquire 10% Stake in Lower Zakum Concession, Offshore Abu Dhabi
- 22/01/2018 - ONGC acquires 51.11% stake of President of India in Hindustan Petroleum Corporation Limited
- 27/11/2017 - ONGC Videsh to acquire 15% interest in Petroleum Exploration License 0030, Offshore Namibia
- 20/09/2017 - The Azerbaijan Government announced extension of ACG PSA to 2049 with co-venturers, including ONGC Videsh Limited
- 10/07/2017 - ONGC Videsh to acquire 30% participating interest in Petroleum Exploration License 0037 Offshore Namibia
- 12/12/2016 - ONGC collaborates with Schlumberger and Halliburton to improve production from mature onshore fields
- 01/06/2016 - ONGC Videsh signs MOU with SOCAR Trading
- 18/02/2015 - ONGC to look for environmental friendly alternative to hydro-fracturing; inks an important MoU for RD
- 16/02/2015 - ONGC Videsh’s Sakhalin-1 Project commences production from Arkutun-Dagi
- 12/08/2014 - ONGC Videsh signs Production Sharing Contracts for Two Onland Exploration Blocks in Myanmar
- 20/07/2014 - Gas Leakage in Mumbai Offshore
- 14/10/2013 - ONGC Videsh signed definitive agreements to acquire 12% Participating Interest in Block BC-10, Brazil and awarded two exploration blocks in Myanmar
- 27/08/2013 - OVL signs definitive agreements with Anadarko to acquire a 10% Interest in the Rovuma Area 1 Offshore Block in Mozambique
- 03/07/2013 - Republic of Kazakhstan pre-empts ONGC Videsh bid to acquire ConocoPhillips stake in North Caspian Sea Production Sharing Agreement (NCS PSA) that includes Kazakhstan’s Kashagan field
- 01/07/2013 - ONGC Videsh Limited (OVL) and Oil India Limited (OIL) sign definitive agreements to acquire interest in the Rovuma Area 1 Offshore Block in Mozambique
- 18/02/2013 - ONGC creates world record on drilling deepest water depth well
- 02/04/2012 - ONGC MoU with ConocoPhillips
- 03/12/2009 - ONGC Led Consortium Signs Strategic Agreements for sourcing LNG from Iran
- 26/11/2008 - ONGC announces significant discovery in Krishna Godavari Offshore
- 01/11/2007 - ONGC-Mittal Joint Venture acquires 30% Participating Interest in Turkmenistan Exploration Block
|
|
|
|
Inscription | 
Publicité | 
Contact |
Plan
