-
Investment Books
-
Smart Investment
Jul
16
OVL joins race for Ghana fields
Posted on: July 16, 2009 at 11:11 am | 42 views
It is learnt that ONGC Videsh (OVL), the overseas arm of Oil and Natural Gas Corporation (ONGC) has joined the race to buy a 30% stake in Jubilee oil fields in Ghana from the US-based Kosmos Energy, reports Economic Times.
OVL has initiated the due diligence process and is expected to put in a formal bid this month.
OVL has visited the data room that Kosmos Energy opened for potential bidders.
OVL is likely to team up with a foreign company to put in a bid, which could be in the range of USD 3-4 billion.
Tags:bidders, company, corporation, diligence process, Economic Times, Energy, foreign, foreign company, formal bid, gas, Ghana, Jubilee oil fields, Kosmos, Kosmos Energy, Natural Gas Corporation, oil, ONGC, ONGC Videsh, overseas, overseas arm, potential bidders, process, range, reports, US-based, USD 3-4 billion, Videsh
Related Post :
-
Investment Books
-
Smart Investment
