Off Vietnam: BP's gas block draws Indian interest
Indian quartet eyes BP's Vietnam patch
Four Indian state-run oil companies Gail India, Oil India, Oil & Natural Gas Corporation and Indian Oil Corporation will jointly bid for BP's oil and gas assets in Vietnam, Oil India chairman Nayan Mani Borah said.
The four Indian companies will approach PetroVietnam for a joint bid for BP's assets, he said, adding that state-run PetroVietnam has the first right of refusal on the assets.
"The approach and goal is to combine our strengths with PetroVietnam," Dow Jones cited Borah as saying.
He said the bid would likely be for BP's share in a gas block, pipeline and a power plant.
BP holds a 35% stake in Block 6.1 in Vietnam. ONGC holds 45% and PetroVietnam the other 20% interests.
