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ONGC, Cairn battle over capex of new exploration activities

There seems to be a new area of disagreement between ONGC and Cairn. ONGC says it doesn‘t want to share the capex when new exploration activities are carried out, while Cairn says the production sharing contract (PSC) stipulates that ONGC has to share 30 percent of the capex that is incurred.

first published: Jul 10, 2013 07:23 pm

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