ONGC Mittal Energy (OMEL) to start the first phase
ONGC M
ittal Energy (OMEL) intends to start the first phase of hydrocarbon exploration in Nigeria by August in Block OPL-285.
OMEL is a joint venture between ONGC Videsh Ltd (OVL) and Mittal Investments, the private investment company of Mittal family.
Mr Sudhir Maheshwari, Managing Director, Mittal Investments, said “The first rig is to go down in the block in August. The joint venture plans to drill one well during this calendar year and the second in next calendar.”
OPL-285 is a deep-water block, where OMEL, through OMEL Energy Nigeria, holds 64.33% participating interest and operatorship. The other partners in the block are local Nigerian company EMO (10 %), and Total (25.67% interest).
