ONGC to hire an MOPU-III: Will restrictive conditions be imposed?
Aug 23: Even as the contract period was extended, there was also a proposal to impose some restrictive conditions for its usage. Several conditions were sought to be imposed and among them were: 8A cancellation of the MOPU contract in case there was an impairment in production in the Ratna R Series field. 8Yet another condition was related to force majure circumstances such a bad weather, which would allow ONGC to cancel the contract. 8Eventually a decision was taken on whether or not to impose these conditionalities Find out more