BG India

BG India Signs Pact With ONGC, To Acquire Stake In Deepwater Blocks

BG India, a unit of UK-based British Gas Group, has signed two farm-in agreements with Oil and Natural Gas Crop (ONGC) to acquire participating interest in two deepwater blocks off the Indian East Coast.

Under the terms of the agreements, BG will acquire a 30% participating interest in KG-DWN-98/4 block and 25% participating interest in MN-DWN-2002/02 block.