India’s ONGC plans to bid in Colombia oil round

Indian oil company ONGC Videsh, through its subsidiary Mansarovar Energy Colombia, plans to bid for oil and gas blocks in Colombia. Mansarovar is owned by ONGC Videsh and China’s Sinopec in a 50:50 ratio.

“Mansarovar has established a footprint in the country and would participate in the Mini-Round 2016 ANH for onshore areas,” said Harvinderjit Singh, chief executive of Mansarovar.

Source: Financial Express