September 18, 2018 / 12:57 PM / a month ago

India's ONGC Videsh to exit Kazakhstan's Satpayev oil, gas block

NEW DELHI, Sept 18 (Reuters) -

* India’s ONGC Videsh is exiting the Satpayev oil, gas block in Kazakhstan, says Managing Director N. K. Verma

* The company completed its committed work programme to drill two wells and could not make a commercially viable discovery

* ONGC Videsh is the overseas investment arm of Oil and Natural Gas Corp

* ONGC Videsh has 25 percent participating interest in the Satpayev Exploration Block Kazakhstan (Reporting by Nidhi Verma)

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