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What The DGH Says

What The DGH Says
outlookindia.com
-0001-11-30T00:00:00+0553
  • ONGC's track exploration record has been poor; thus, it should not be awarded contracts under NELP-VI
  • The state-owned firm shouldn't be allowed to develop small fields
  • Poor performance by ONGC degrades India's fields; others feel they are not worth exploring
  • ONGC has announced 60-70 discoveries in 'nomination' blocks, but the DGH hasn't validated them
  • ONGC is aggressive while bidding alone, as it isn't accountable to anyone if it fails to strike reserves; it isn't under any pressure to perform
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