ONGC bargains with WesternGeco for seismic boat

Vol 16, PW 5 (20 Sep 12) News in Brief

ONGC is bargaining hard with WesternGeco for a reduction in the price it quoted for a shallow water western offshore seismic survey.

WesternGeco quoted $55.6m to shoot 1864-sq km 3D but ONGC, we hear, finds this beyond its own internal estimates even though it was the lowest quote. WesternGeco plans to mobilise Western Spirit, Western Patriot or Western Pride.

Other contractors are luckier. ONGC issued Letters of Award on September 7 to Reflect Geophysical for 2986-sq km shallow water 3D using Geowave Commander and Hind Offshore for 1832-sq km shallow water 3D using Geo Hind Sagar – both in the western offshore.

Letters of Award were also issued on September 7 to CGGVeritas for 3D seismic across eastern offshore deepwater blocks divided into two sectors. In Sector I, CGG will shoot 5643-sq km 3D for $46m and in Sector II it will shoot 5800-sq km 3D for $41.2m using survey vessels Viking-II and Amadeus.

ONGC wants all seismic shot by May next year.