New Delhi: ONGC Mittal Energy Ltd (OMEL), the joint venture between Oil and Natural Gas Corporation and L N Mittal Group, has won two oil blocks in Nigeria, the latest oil and gas hot spot of the world.
The ONGC-Mittal combine has won two oil blocks, Numbering 209 and 212, company sources said.
The OMEL was to have first right of refusal over three blocks, including part of block 209 where ExonMobil discovered the giant Erha field.
In return, the consortium would commit to invest six billion dollars in a new 180,000 barrel per day refinery, 2,000 megawatts of power and an east-west railway.
Global Steel another Indian company, has rights over block 281 in return for commitments to build a $1.8 billion compressed natural gas plant.
ONGC Videsh had lost two highly prospective blocks due to a dispute with Korea in a licensing round last year.
The Nigerian government had earlier promised that OMEL would be awarded blocks without pledging investments in Nigeria's infrastructure as a special case.
OMEL had assured investments up to six billion dollars in power and rail infrastructure.
The special dispensation for OVL follows intervention by Prime Minister Manmohan Singh last time around when OVL lost out on a potential block to Korean National Oil Company due to a last minute policy change by Nigeria.
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