Vietnam, India sign deal on oil and gas exploitation

Dung Hoang, VOV in India
Chia sẻ
(VOVWORLD) - The National Oil and Gas Group of India (ONGC) and Vietnam’s Hai Duong Maritime Joint Stock Company (HADUCO) on Tuesday signed a contract on oil and gas exploration and production in India.
Vietnam, India sign deal on oil and gas exploitation - ảnh 1Representatives of ONGC and HADUCO sign a contract in Mumbai on June 20, 2023 to lease 7 multi-purpose oil and gas service vessels. (Photo: VOV)

Under the contract, HADUCO will provide 7 multi-purpose oil and gas service vessels for ONGC's offshore oil and gas exploration and production activities over 3 years.

HADUCO used to provide ONGC one oil and gas service vessel.

At the signing ceremony in Mumbai, Do Thanh Hai, counselor at the Vietnamese Embassy in India, said the contract will open up new opportunities for co-operation between businesses in the two countries.

Strengthening trade ties between Vietnam and India will be beneficial to both and will promote maritime connectivity, thereby contributing to stability and growth in the Indo-Pacific region, Hai said.

 

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