Financial Daily from THE HINDU group of publications
Friday, Aug 19, 2005
Financial Daily from THE HINDU group of publications Friday, Aug 19, 2005 |
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Corporate
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Accidents ONGC begins salvage operations at Bombay High Our Bureau
Kolkata , Aug. 18 ONGC has begun salvage operations to clear the charred remains of the Bombay High North platform, which was involved in the recent fire accident. The operation is being carried out with technical support from Kerney, the makers of the platform. According to official sources, a team from Kerney and ONGC is now assessing the amount and quality of debris left under the sea by pressing divers into service. Once the assessment is over, the company will appoint specialist service providers through international competitive bidding to salvage the remains. The entire project expenditure is being covered by a comprehensive insurance package. As per the package, ONGC is eligible to claim for loss of assets in fire (including the BHN platform and the vessel `Samudra Suraksha') plus actual cost of rescue (including cost of fire fighting, notional salary of employees employed, cost on vessels employed by the company and other agencies) and cost of clearing the debris. Meanwhile, Royal Dutch Shell, which was entrusted with the job of probing into the reasons behind the fire, has started visiting the related facilities of the company from August 13. To begin with, the Shell representatives visited the Institute of Petroleum Safety, Health and Environment (IPSHE) in Goa. The institute offers sea-safety and helicopter and under-water escape training to ONGC employees working at off-shore installations.
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