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DELHI HIGH COURT
PRATHIBA M.SINGH
Halliburton Offshore Services Inc. – Appellant
Versus
Vedanta Limited – Respondent
| Table of Content |
|---|
| 1. factual background of the contract. (Para 1 , 2 , 3 , 4 , 5 , 6) |
| 2. contractor's arguments regarding delays. (Para 9 , 10 , 11 , 12 , 13 , 14 , 15 , 16 , 17 , 18 , 19 , 20) |
| 3. company's stance on breach of contract. (Para 22 , 23 , 24 , 25 , 26) |
| 4. court's analysis on deadlines. (Para 34 , 35 , 36 , 37 , 38) |
| 5. conclusion on the invocation of bank guarantees. (Para 82 , 83 , 84) |
JUDGMENT
1. A production sharing contract dated 15th May, 1995 was executed between Vedanta Limited (hereinafter, "Company") and Cairn Energy (Cairn), ONGC and the Government of India in respect of exploration of the Rajasthan Block RJ-ON-90/1, which produces a substantial portion of petroleum in India.
2. In order to operationalize the production, a global tender was floated by the Company for fast-tracking the development of "end-to-end integrated Oil Well Construction (including drilling, completion and associated Well Services), development of surface facilities (well-pad, intra-field network and evacuation facilities/pipelines specific to EOR development) and application of Enhanced Oil Recovery Technologies for enhancing the ultimate recovery" (hereinafter, "Project") from three fiel
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