Page 2 - Ovl

OVL seeks oil in lieu of $537 mn due from Venezuela

OVL owns 40 per cent of the San Cristobal field and had invested about $190 million in the project in 2008

OVL gets 1-year extension for exploring Vietnamese oil block

This is the fourth extension for OVL to explore Block-128, the license for which is now valid till June, 2017

OVL raises $1 billion through dollar bonds for Vankor stake buy

The 15% stake will give OVL 3.3 million tonnes per annum of oil production

OVL raises $1.2-billion foreign loans to buy stake in Russia's Vankor field

The 15% stake will give OVL 3.3 million tonnes per annum of oil production

OVL in talks with Iran for commerciality of Farzad-B gas field project

The gas produced from the field will be converted into LNG for export to consuming nations like India

OVL steps up Vankor oil field play, to buy 35% additional stake

While the 15% deal is yet to be concluded, Rosneft is now agreeable to selling a total of 49.9% in Vankor to Indian firms