ONGC Videsh ltd (OVl) and Oil India ltd (OIl) have completed the acquisition of Videocon Group's 10 per cent stake in a giant Mozambique gas field for $ 2.475 billion, the companies said on Wednesday.
OVl, the overseas arm of state-run explorer Oil & Natural Gas Corp, and OIl agreed in June last year to jointly buy Videocon's 10 per cent interest in the Rovuma Area 1 for $2.475 billion.Additionally, OVl bought US energy major Anadarko Petroleum's 10 per cent stake in the same block for $2.64 billion.