A​zerbaijan Government Announce​s Extension Of ​Giant ​ACG ​Fields ​PSA To 2049 With ONGC Videsh ​Ltd And Others​

A​zerbaijan Government Announce​s Extension Of ​Giant ​ACG ​Fields ​PSA To 2049 With ONGC Videsh ​Ltd And Others​

ONGC Videsh Limited announced ​on Monday ​that the Consortium partners of the giant ACG Fields in Azerbaijan have entered into an agreement with Azerbaijan Government and State Oil Company of the Azerbaijan Republic (SOCAR) for extension of duration of the Production Sharing Agreement (PSA) for Azeri-Chirag-Deep water portion of Gunashli (ACG) oil fields until December 31, 2049.

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