ONGC: No Mozambique Deal Yet. Press Release Issued ‘Erroneously’

India’s oil and gas company ONGC Videsh Limited has withdrawn a press release issued yesterday in which the company announced it had, together with Oil India, acquired interest in the Rovuma Area 1 Offshore Block in Mozambique from the Videocon Mauritius Energy Limited.

The company said that the press release got issued ‘erroneously’.

“While we confirm that, we are in advanced negotiations for acquisition of the interest, we wish to clarify that no definitive agreement has been reached. The inadvertently-issued press release stands formally withdrawn,” said ONGC Videsh Limited in a statement.

The company advised the public to disregard the erroneously issued news and added that the inconvenience caused is deeply regretted.

To see the news ONGC Videsh is referring to, click here.

Offshore Energy Today Staff, June 11, 2013