ONGC Awaits Control Over Cambay Block Amid Legal Challenge
ONGC has not yet assumed control of Gujarat's Cambay Block CB-OS-02 after Vedanta disputed the government's refusal to renew its contract. A court has instructed all parties to maintain the status quo. The matter is awaiting a final court order after hearings concluded in May 2026.
- Country:
- India
Despite being directed by the government to take over operations of the Cambay Block CB-OS-02 in Gujarat, ONGC has not gained control as Vedanta has contested the decision. The Petroleum Ministry's decision to deny an extension of the contract led to this standoff, with ONGC positioned to assume control but unable to proceed.
Vedanta filed a legal challenge, resulting in a court directive for parties to maintain the current situation until a final ruling is made. While ONGC remains prepared to take operational charge, Vedanta continues to oversee the block as the legal process unfolds. The outcome of the proceedings remains anticipated, with hearings having concluded by mid-2026.
ALSO READ
-
ONGC Predicts a Strong Future for Natural Gas Amid Rising Domestic Demand
-
ONGC Profit Edges Up by 3% Amid Rising Oil Prices
-
After Mumbai High, ONGC brings in BP in other western offshore oil, gas fields
-
Ladakh set for a major clean energy boost as LG extends ONGC pact for geothermal power project
-
Vedanta arm Talwandi Sabo Power faces Rs 127 cr penalty
Google News