ONGC needs Mumbai High well stimulation vessels

Vol 17, PW 5 (03 Oct 13) Exploration & Production
     

ONGC is set to issue separate tenders this month (October) to hire two well stimulation vessels for workover operations at the Mumbai High.

An ONGC source tells PETROWATCH senior managers gave ‘in principle’ approval last month (September) to hire a stimulation vessel for three years: two years less than the five-year contract sought by ONGC's Mumbai High project team. ONGC still awaits approval for the Rs500cr ($80m) tender from the company board, expected to be a formality, and has begun preparing tender documents.

"Our tender usually gives any successful bidder who wants to convert an ordinary offshore supply vessel into a stimulation vessel 300 days to mobilise," says ONGC. "Add 150 days for the tendering process and we will actually get the vessel 450 days after issuing the tender.

" So ONGC is looking at a separate tender for a similar vessel to meet its requirement in the interim. “We want to issue another tender seeking the immediate mobilisation of a ‘ready to go’ stimulation vessel for just one year,” we hear.

Both tender processes will run concurrently. For its short term tender, ONGC is talking to pre-qualified contractors Schlumberger, Halliburton and Baker Hughes.

“We would like one of them to provide us with a stimulation vessel within 90 days of issuing the tender,” we are told. ONGC met all three contractors in Mumbai on September 30.

“Nothing has been finalised," says an industry source.