New Delhi: New Delhi: ONGC NSE -1.87 % Videsh has agreed to acquire participating interest in a Senegal offshore oilfield for $45 million.
ONGC Videsh, the overseas arm of the state-run ONGC, has signed a definitive binding agreement with FAR Senegal RSSD, a unit of Australia’s FAR Ltd, for acquiring 13.66% participating interest in exploitation area of Sangomar field and 15% participating interest in the exploration area of Rufisque, Sangomar offshore and Sangomar Deep Offshore (RSSD) block, the Indian company said in a statement.
