CAG finds deficiencies in ONGC’s marine logistics operations
The Comptroller and Auditor General of India (CAG) has red-flagged multiple operational lacuna in marine logistics operations of Oil and Natural Gas Corporation Ltd (ONGC).
The CAG said ONGC had not planned for adequate number of Offshore Supply Vessels (OSVs), resulting in compromise of mandatory safety (standby) duty. Besides, ONGC’s decision to reduce OSVs instead of costlier Platform Supply Vessels (PSVs) increased the cost of marine logistics operations by ₹25.99 crore.
New vessel construction
The CAG also pointed out deficiencies in awarding of new vessel construction contract to an inexperienced contractor solely on the basis of experience of the foreign technical collaborator.
