The Comptroller and Auditor General of India (CAG) has highlighted several deficiencies in state-owned oil sector company ONGC’s marine logistics operations. According to the central auditing watchdog, ONGC had not planned for an adequate number of offshore supply vessels (OSVs), leading to continued dependence on hired private vessels. The report was tabled in the Parliament last week.
“While acquiring its own OSVs (offshore supply vessels), the Company awarded contract to Pipavav Shipyard which was selected solely on the basis of the experience of their foreign technical collaborator. The contractor delivered only seven of the 12 OSVs with a delay of more than six years. This led to continued dependence on hired vessels,” the CAG report pointed out.
