Epic Update : ONGC

ONGC Videsh (OVL) and Oil India (OIL) have signed definitive agreements in Singapore with Videocon Mauritius Energy to acquire 100% of shares in Videocon Mozambique Rovuma 1, the company holding a 10% participating interest in the Rovuma Area 1 Offshore Block in Mozambique (Area 1) for $2,475 million. 

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