New Delhi, Aug 16: ONGC Videsh, the overseas arm of state-run Oil and Natural Gas, has acquired stake in two oil blocks in Sudan for $136 million. "OVL has bought out 26.125 per cent stake in exploration block 5A and 24.5 per cent stake in block 5B from Austria's OMV for $136 million," company sources said.
OVL will pay $102 million for block 5A and the balance $34 million for the other block.

The two sides have been in negotiations in London and Vienna for the past four months, sources said adding a deal to acquire the Austrian firm's stake was signed on Saturday.
The deal will now be vetted by Khartoum.
OVL already owns a 25 per cent stake in the Greater Nile Petroleum Operating Company in Sudan which it bought from Talisman Energy of Canada earlier this year. Bureau Report