Bangladesh inks exploration deals with Oil India, ONGC


ONGC Videsh signed two production sharing contracts (PSC) to explore oil and gas in Bangladeshi waters.DHAKA: Inviting Indian companies for the first time to explore hydrocarbon in its territory, Bangladesh today awarded state-run Oil India Ltd (OIL) and ONGC two offshore blocks in Bay of Bengal.

Bangladesh’s state-owned Petrobangla inked two production sharing contracts (PSCs) with the ONGC and OIL for two shallow water blocks called SS-04 and SS-09 at a ceremony joined by senior government leaders, including Finance Minister A M A Muhith and Prime Minister Sheikh Hasina’s energy affairs adviser Tawfiq-e-Elahi Chowdhury. Read more

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Categorised in: Oil & Gas, Sector News

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