ONGC wins Rs 1,000 crore award in cost disputes with 3 global majors

State-run ONGC has won multiple international arbitration awards worth Rs 1,000 crore in cost-sharing disputes with Petrobras, ENI, and Rocksource. The disputes involve exploration blocks in the Mahanadi, Krishna-Godavari, and Cauvery basins. ONGC’s work execution was questioned, but the unanimous awards reflect confidence in its quality.