New Delhi. ONGC Videsh Ltd (OVL), the foreign arm of state-run Oil and Natural Gas Corp, Monday said it will buy US firm Anadarko Petroleum Corp’s 10 percent stake in the Rovuma Basin gas field in Mozambique for $2.64 billion.
“OVL has signed definitive agreements on August 24 with Anadarko Mozambique Area 1 Limitada (Anadarko) to acquire a direct 10 percent participating interest in the Rovuma Area 1 Offshore Block in Mozambique for USD 2.64 billion,” a company statement said.