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Block CB-OS-1: A costly oversight led to its relinquishment
Sep 04: Find out more how a costly oversight by the operator led to a relinquishment of the CB-OS-1 block and a massive unavoidable loss
8The block was allocated to a consortium of Vaalco Energy Inc., Hindustan Oil Exploration Company Limited (HOEC), Tata Petrodyne Limited (TPL) and ONGC
8The consortium forgot to include a few cost items and when the eventual IRR was calculated, the figure turned out to be vastly negative
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