Despite losing out in competitive bidding, ONGC Videsh (OVL), the overseas arm of state explorer Oil and Natural Gas Corporation, may still get a stake in a deep-sea block in Myanmar. OVL had bid for two of the 10 shallow- water blocks that Myanmar had auctioned in December but drew a blank when the fields were awarded on March 26. “We had a pre-bid understanding with an international oil company that if they were successful in picking up any of the deep-sea acreages it bid for, we would get a stake,” OVL Managing Director S P Garg said. Garg refused to identify the company and said OVL could get up to 49 percent in the deep-water oil and gas block won by the international company.