ONGC and SCI to form JV Offshore Marine Services
Offshore staff
(Asia-Pacific) - Oil & Natural Gas Corp. Ltd. (ONGC) and Shipping Corp. of India have entered into a Memorandum of Understanding for setting up a joint venture company called Offshore Marine Services Ltd.
The JV company will provide end-to-end solutions for vessel operations for ONGC and other oil and gas companies.
It will also develop capabilities for acquisition, repair and maintenance of offshore floating units and undertake repair and construction on long-term arrangements with shipyard facilities on preferential terms and a competitive basis.
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