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Thursday, February 16, 2012

ONGC May Invoke Force Majeure Clause For 2 KG Blocks

Oil and gas major ONGC today said three of its KG Basin NELP blocks have run into rough weather following restrictions from the Ministry of Defence, and it may invoke ‘force majeure’ clause for two blocks.

These two blocks were awarded in the 8th round of NELP to ONGC and Andhra Pradesh Gas Infrastructure Corporation.

From: http://ping.fm/TEmwx

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