Reliance Industries and Oil and Natural Gas Corporation may face an imminent shut down of offshore oil and gas operations after the Shipping Ministry issued new norms for vessels operating in Indian waters, the Times of India reported.
DG Shipping had in May banned operations of all vessels that are more than 25 years old.
ONGC has more than 100 vessels operating off the East and West coast providing supporting services to oil and gas production.
A Reliance Industries executive said the company faced a similar fate for its 40-plus vessels working on bringing the gas field in Krishna Godavari basin to production.
Source: Times of