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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
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