New Delhi, Nov 28: Oil and Natural Gas Corporation Limited’s wholly-owned subsidiary ONGC Videsh has bagged two blocks in Brazil, namely deepwater Block 470 in the highly prospective Espirito Santo basin and shallow water Block 1413 in another highly prospective Santos basin, amid stiff competition from International companies.
Earlier, Agência Nacional do Petróleo (ANP), the regulatory agency of Brazil, had announced the opening of Brazil Round 9, in which, 271 blocks, distributed among nine basins, totalling almost 73,000 km² in deepwater, shallow water and onshore were on offer.
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