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.

August 19, 2024
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