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ONGC dips toe in to FPSO market

India's Oil & Natural Gas Corporation (ONGC) is evaluating bids from a dozen companies battling to secure a contract to assess the feasibility of deploying a floating production vessel on its marginal oil discoveries in the Arabian Sea.

Bad experience: ONGC's earlier move to deploy the Crystal Sea FPSO on its Bombay High field failed when the deal fell through, resulting in a costly legal battle
Bad experience: ONGC's earlier move to deploy the Crystal Sea FPSO on its Bombay High field failed when the deal fell through, resulting in a costly legal battle
Published 26 September 2008, 01:55Updated 9 July 2012, 07:01
Asia & OceaniaEurope