ONGC Videsh Signs Agreement for Vietnam Project

The Tie-In and Services Agreement was signed between Block 06.1 Partners (ONGC Videsh, BPEOC and PVEP) and Nam Con Son Pipeline (PV Gas, BP Pipeline and ConocoPhillips).

The Tie-In agreement establishes the terms and conditions for the tie-in of the Transportation System to the Block 06.1 facilities and for any services required between the parties for operation of their respective facilities.

The agreement was signed by Mr. Anupam Mathur, Senior Vice President, on behalf of ONGC-VL. Speaking on the occasion, Mr. Mathur said that the signing of the agreement opens new chapter in the cooperation between Block 06.1 and NCSP and establishes long term cooperation and business relations for the mutual benefit of all parties. He expressed that signing of this agreement shall ensure uninterrupted gas production from Block 06.1 and delivering it to the buyer to meet the ultimate common objective of development of Vietnam.