ONGC Videsh to get 20,000 bpd from Kashagan stake purchase
INDIA-ONGC-CONOCOPHILLIPS:ONGC Videsh to get 20,000 bpd from Kashagan stake purchase
NEW DELHI (Reuters) - ONGC Videsh said it would get an average 1 million tonnes a year (20,000 barrels per day) for a period of over 25 year with a peak of 1.6 million tonnes from its planned acquisition of a stake in the Kashagan Field in the Caspian Sea.
ONGC Videsh (OVL), the overseas investment arm of explorer Oil and Natural Gas Corp
"When Phase 2 and 3 are implemented, the OVL's share will be significantly higher," it said in a statement.
(Reporting by Nidhi Verma; Editing by Jo Winterbottom)