{"id":435198,"date":"2021-09-10T08:39:09","date_gmt":"2021-09-10T03:09:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=435198"},"modified":"2021-09-10T09:43:13","modified_gmt":"2021-09-10T04:13:13","slug":"ongc-exploring-purchase-of-woodside-stake-in-senegal-oil-field-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-exploring-purchase-of-woodside-stake-in-senegal-oil-field-2\/","title":{"rendered":"ONGC exploring purchase of woodside stake in Senegal oil field"},"content":{"rendered":"<p>India\u2019s Oil &amp; Natural Gas Corp. is exploring a purchase of a significant minority stake in the $4 billion-plus Sangomar oil project off the coast of Senegal from Woodside Petroleum Ltd., according to people familiar with the matter. <\/p>\n<p>State-owned ONGC is discussing acquiring an interest of 20% to 40% in the field, the people said, asking not to be identified as the matter is private. Australia-based Woodside is working with Jefferies Financial Group Inc. on the sale, which could also attract other suitors, the people said. <\/p>\n<p>Deliberations are ongoing and there\u2019s no certainty they\u2019ll result in a deal, according to the people. Representatives for Jefferies and Woodside declined to comment, while a spokesperson for ONGC Videsh Ltd., ONGC\u2019s overseas investment arm, didn\u2019t immediately respond to a request for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s Oil &amp; Natural Gas Corp. is exploring a purchase of a significant minority stake in the $4 billion-plus Sangomar oil project off the coast of Senegal from Woodside Petroleum Ltd., according to people familiar with the matter. State-owned ONGC is discussing acquiring an interest of 20% to 40% in the field, the people said, asking not to be identified as the matter is private. Australia-based Woodside is working with Jefferies Financial Group Inc. on the sale, which could also attract other suitors, the people said. Deliberations are ongoing and there\u2019s no certainty they\u2019ll result in a deal, according to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-435198","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/435198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=435198"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/435198\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=435198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=435198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=435198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}