ONGC Videsh had participated in the Myanmar Onland Bidding Round last year, launched by that nation's government and was awarded two onshore blocks, B2 and EP-3, in October. OVL has participation in 35 projects in 16 countries including Bangladesh, Brazil, Colombia,Iraq, Kazakhstan, Libya, Mozambique, Myanmar, Russia, South Sudan, Sudan, and Vietnam.
The company is currently producing 170 thousand barrels of oil and oil equivalentgas per day and had total oil and gas reserves of around 637 million tonne ofoil equivalent (mmtoe) at the end of March.
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