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PTI 03:41 PM | November 12,2009
The 383 million dollar investment was towards developing the oil reserves in the BC-10 block, off Brazil and did not include the 165 million dollar OVL had paid earlier to acquire 15% stake
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PTI 09:07 PM | September 30,2009
Nico, which held 90% stake in the field, would be left with 20% interest while Inpex of Japan would hold the remaining 10%
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11:33 AM | July 01,2008
35 foreign companies will bid on the oil fields of Rumeila, Zubair, Qurna West, Maysan, Kirkuk and Bay Hassan; the new contracts will raise Iraq’s production by 1.5 mn barrels a day
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Lison Joseph 06:42 AM | June 30,2008
The firm has invested nearly $1 billion in Sudanese oilfields and is one of the top three players in the oil sector in that country
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PTI 02:51 PM | December 26,2007
OVL will make a total investment of $355.738 million comprising signature bonus of $173.1 million for the stake
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OVL OilfieldAcquisitions
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Gayatri Ramanathan 11:52 PM | October 18,2007
The consortium claims to have discovered new oil reserves in these blocks—Amguri near Jorhat in Assam and AAON-7 in Nagaland
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OilfieldAssamNagaland
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PTI 01:05 AM | May 24,2007
The consortium had been shortlisted by the Saddam Hussein regime before the US invasion of Iraq
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PTI 12:09 AM | April 20,2007
Omel has been given the right of first refusal (RoFR) on Block 250 in return for a pledge to carry out a feasibility study into a new railroad
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