{"id":527667,"date":"2022-10-07T09:41:06","date_gmt":"2022-10-07T04:11:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=527667"},"modified":"2022-10-07T10:25:49","modified_gmt":"2022-10-07T04:55:49","slug":"ongc-videsh-to-invest-1-billion-in-offshore-block-held-by-petrobras","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-videsh-to-invest-1-billion-in-offshore-block-held-by-petrobras\/","title":{"rendered":"ONGC Videsh to invest $1 billion in offshore block held by Petrobras"},"content":{"rendered":"<p>ONGC Videsh Ltd (OVL) will invest $1 billion in a Brazilian offshore hydrocarbon block and will raise its stake. Currently, Brazil&#8217;s Petroleo Brasileiro SA (Petrobras) owns a 75 per cent stake in the block and the remaining 25 per cent is held by OVL. According to a report in Mint, the block was discovered in 2019 and is expected to start production by 2026.<\/p>\n<p>The 320 sq km block lies in the Sergie Alagos Offshore Basin.<\/p>\n<p>&#8220;Energy diversification is an important agenda before the Indian government with investments planned in Brazil,&#8221; the Mint report quoted a person aware of the matter as saying.<\/p>\n<p>Recently, Bharat Petroleum Corporation Ltd (BPCL) signed an agreement with Petrobras to import crude oil.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ONGC Videsh Ltd (OVL) will invest $1 billion in a Brazilian offshore hydrocarbon block and will raise its stake. Currently, Brazil&#8217;s Petroleo Brasileiro SA (Petrobras) owns a 75 per cent stake in the block and the remaining 25 per cent is held by OVL. According to a report in Mint, the block was discovered in 2019 and is expected to start production by 2026. The 320 sq km block lies in the Sergie Alagos Offshore Basin. &#8220;Energy diversification is an important agenda before the Indian government with investments planned in Brazil,&#8221; the Mint report quoted a person aware of the [&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-527667","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\/527667","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=527667"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/527667\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=527667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=527667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=527667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}