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We thank Pagcor chair Andrea Domingo and the entire Pagcor board for giving Galaxy the chance to contribute to the booming Philippine tourism and gaming industry by granting BPRL a provisional gaming license,' LRWC chair Reynaldo Bantug said.
New Delhi [India], Feb 12 ( ANI ): An Indian consortium led by ONGC Videsh, a wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), BPRL and IOCL signed a pact for acquisition of 10 percent participating interest in the ADNOC Group-owned offshore Lower Zakum Concession for 40 years from 2018 to 2057.
BPRL Ventures Mozambique, another Indian government-owned firm, already holds a 10% interest in the offshore gas field.
Anadarko operates the concession with a 43% stake, with the remaining equity shared between BPRL Ventures Mozambique (11.75%) and Videocon Mozambique Rovuma 1 (11.75%), both of India, Cove Energy Mozambique Rovuma Offshore (10%) and Mitsui E&P Mozambique Area 1 (23.5%).
(BPRL) - the local operating unit of the Galaxy Entertainment - by the Philippine Amusement and Gaming Corporation (Pagcor) that paves the way for an estimated $500-million resort casino on the world-famous island.
A MoU between Indian Consortium (OVL, BPRL and IOCL) and ADNOC was signed for the acquisition of 10 percent participating interest in the offshore Lower Zakum Concession, a statement said.
Giving an update on BPCL's upstream ventures, he said that the company's overseas arm, Bharat PetroResources Ltd ( BPRL), has stakes in
The consortium comprises Anadarko (36%), Mitsui E&P (20%), BPRL Ventures Mozambique (10%), Videocon Mozambique Rovuma (10%) and Cove Energy Mozambique Rovuma Offshore (8.5%), while state-owned Empresa Nacional de Hidrocarbonetos (ENH) has an option to take a 15% stake at a later stage.
The MoU between Indian Consortium (OVL, BPRL & IOCL) and state-run Abu Dhabi National Oil Company (ADNOC) was signed for the acquisition of 10 percent participating interest in the offshore Lower Zakum Concession.
Anadarko has a 36% stake in the project, alongside partners Mitsui E&P (20%), BPRL Ventures Mozambique (10%), Videocon Mozambique Rovuma (10%) and Cove Energy Mozambique Rovuma Offshore (8.5%).
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