ONGC abandons $500m RUMP tenders

Vol 18, PW 15 (26 Mar 15) News in Brief
     

Make no mistake, ONGC has begun cutting back on investments.

Most recently, on March 10, it scrapped a tender to hire 10 crew boats for three years, where price bids were opened on November 14 last year, following allegations it was designed to favour some bidder(s). More significantly, ONGC last month (February) aborted the $500m RUMP-I and RUMP-II tenders to revamp ageing unmanned platforms in the Mumbai High, Neelam, and Heera fields.

RUMP-I bids were received on December 26, 2013 from L&T with Hind Offshore; AFCONS with Halani Group and Das Offshore; G&T Oilfield & Offshore with Kencana HL, Kencana Pinewell and Sarku Marine; Essar Offshore with Saipem; and Great Offshore with Pipavav Defence & Offshore, Dolphin Offshore and PT DMB. RUMP-II bids were received on June 4, 2014 from L&T with Hind Offshore; AFCONS with SapuraKencana and Sarku Marine; Essar Offshore with Saipem; and Pipavav Defence & Offshore with Great Offshore, Dolphin Offshore and PT DMB.