ONGC Videsh Ltd. (OVL) has completed the acquisition of Equinor's stake in the Azeri Chirag Gunashli (ACG) oilfield and Baku Tbilisi Ceyhan (BTC) pipeline for USD 60 million.
Oil & Natural Gas Corporation (ONGC) said that its wholly owned subsidiary, ONGC Videsh has acquired 0.615% stake in offshore Azeri Chirag Gunashli (ACG) field in Azerbaijan from Equinor.
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Ithaca is slightly more expensive than North Sea rivals Serica Energy (SQZ) and Harbour on an enterprise value / Ebitda basis, but they are all going cheap. The outlook for Ithaca’s cash flow suggests ...