Dhaka, Jan. 27 -- Indian company ONGC Videsh Ltd (OVL) awaits interim government's decision on a third extension of its contract for hydrocarbon exploration in two Bangladeshi offshore hydrocarbon blocks, said sources, virtually wasting its tenure.

The OVL's twice-extended contract tenure for exploring shallow water offshore blocks SS-04 and SS-09 is set to meet its end on February 16, if the tenure is not extended anymore.

It's the sole international contractor assigned so far to delineate hydrocarbons in Bangladesh's offshore blocks in the Bay of Bengal, but it proved to be a do-nothing explorer.

Now the company has sought its contract tenure to be extended for three more years until February 2028, a senior official of energy and min...