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India's ONGC Videsh Ltd secures contract extensions for oil & gas production in Vietnam's Blocks 06.1 and 128, countering China's influence.
India's ONGC Videsh Ltd (OVL) secures 16-year contract extension for oil & gas production in Vietnam's Block 06.1, offshore Nam Con Son Basin, extending till 2039.
Additionally, OVL receives a three-year extension to explore for oil & gas in Block 128 in the contested South China Sea.
Both blocks have strategic importance for India and Vietnam in countering China's actions in the region.
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La India ONGC Videsh Ltd asegura extensiones de contrato para la producción de petróleo y gas en los bloques 06.1 y 128 de Vietnam, contrarrestando la influencia de China.