The company revealed state-run Oil & Natural Gas Corporation (ONGC) had called on bank guarantees which were issued for the Daman development project, Pipeline Replacement Project-4, a sub-sea pipeline project for the B-193 field development, the MHNRD-II pipelines and platform modifications project and the C-26 cluster pipeline project.
Swiber said five of the bank guarantees amounted to about $94.48 million, while another two totalled roughly 644.2
