ONGC Videsh consortium has put its LNG mission in Mozambique on maintain
State-owned ONGC Videsh consortium has put its liquified pure gasoline (LNG) mission in Mozambique on maintain as a consequence of drive majeure, arising out of the escalating safety state of affairs in that nation.
“Considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, the Area 1 Operator Total E&P Mozambique Area 1 Limitada informed the withdrawal of all Mozambique LNG project personnel from the Afungi site. This situation leads Total E&P Mozambique Area 1 Limitada, as operator of Mozambique LNG project, to declare force majeure,” ONGC stated in an announcement.
ONGC Videsh, which is the abroad arm of the Maharatna oil explorer ONGC, holds 16 per cent collaborating curiosity within the Area 1 concession by its subsidiaries ONGC Videsh Rovuma (OVRL) and Beas Rovuma Energy Mozambique (BREML).
Earlier ONGC had stated that it’ll invite international companions to discover the blocks that the corporate has been allotted underneath Category-II and Category-III basins.
“ONGC is also looking into strategic relationships and close alliances with key international players through ONGC Videsh,” the corporate stated in an announcement. “Intention is to ask international participations to discover Category-II and Category-III basins which match dimension and scale of expectations and portfolio of those massive gamers’ it added additional.
