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ONGC's Production Enhancement Contracts-I: Making progress
Nov 19: ONGC has been able to zero in on three international companies for Production Enhancement Contracts (PECs) for a select number of producing fields.
8Find out more about how ONGC had intended to keep "non-serious" companies out of the selection process.
8By ONGC's own research, there are no known global models which can used to work out the terms of the PECs. So the standards have to be set on the basis of intensive negotiations between these bunch of interested companies and a committee of ONGC officials set up specifically for this purpose.
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