ONGC wins Rs 1,000 crore award in cost disputes with 3 global majors
Tuesday, 23 January 2024
State-run ONGC has won multiple international arbitration awards worth Rs 1,000 crore in cost-sharing disputes with Petrobras, ENI, and Rocksource. The disputes involve exploration blocks in the Mahanadi, Krishna-Godavari, and Cauvery basins. ONGC's work execution was questioned, but the unanimous awards reflect confidence in its quality.
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