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Oil and Natural Gas Corporation Ltd's OVL Signs Definitive Agreements With Anadarko To Acquire 10% Interest In Rovuma Area 1 Offshore Block In Mozambique

Sunday, 25 Aug 2013 11:47pm EDT 

Oil and Natural Gas Corporation Ltd announced that its ONGC Videsh Limited has signed definitive agreements with Anadarko Mocambique Area 1 Limitada to acquire a direct 10% participating interest in the Rovuma Area 1 Offshore Block in Mozambique for USD2,640 million. The acquisition is subject to the approvals of the Governments of Mozambique and India, relevant regulatory approvals, pre-emption rights and other customary conditions.