Guneshli Fields in the Azerbaijan and ONGC

Guneshli Fields in the Azerbaijan and ONGC

ONGC Videsh signs definitive agreements to acquire an interest in the Azeri, Chirag and the Deep Water Portion of the Guneshli Fields in the Azerbaijan sector of the Caspian Sea and an interest in the Baku-Tbilisi-Ceyhan Pipeline.
ONGC Videsh Limited (OVL) signed definitive agreements for the acquisition of Hess Corporation’s 2.7213% participating interest in the Azeri, Chirag and the Deep Water Portion of Guneshli Fields in the Azerbaijan sector of the Caspian Sea (“ACG”) and 2.36% interest in the Baku-Tbilisi-Ceyhan Pipeline (“BTC”), for US$ 1 Billion.
SOURCE: ONGC
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