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Sagar Samart MOPU-I: Find out how Mercator was sidelined
Nov 20: ONGC struck a quick and quiet deal to wrestle control of the long delayed Sagar Samrat Mobile Offshore Production Unit.
8It was a coup of sorts that saw the ouster of Mercator, one of the JV partners of the consortium, which also consisted of Gulf Piping Company, responsible for converting the Sagar Samart into an MOPU.
8The scheduled completion date of the conversion was May, 2013 and the ONGC brass was getting anxious about the fact that work on the project was only 95% complete..
8Gathering details from various sources, the website has put together how ONGC struck a deal for delivery of the MOPU by February 15 but without Mercator in the picture
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