OVL gets time extension for five projects

ONGC Videsh (OVL) has been granted time extension for five projects in Myanmar, Bangladesh, Vietnam, South Sudan and Colombia for carrying out exploration activities and enhancing growth strategies. The extension has heightened the chances of making fresh discoveries in the exploration areas. Among the projects granted an extension to OVL, certain ventures have already commenced production. Under the operation of OVL, production in Colombia’s CPO-5 block has experienced a significant increase and is anticipated to reach a daily output of 25,000 barrels in the near future.