All eyes on ONGC's next deepwater rig tender

Vol 19, PW 23 (28 Jul 16) Exploration & Production

When it last tendered for two deepwater rigs ONGC received a staggering 22 offers.

Expect a similar frenzy if and when ONGC issues a tender next month (August) to hire another three. "We are expecting ONGC to issue the tender in the first week of August," speculates a driller.

ONGC needs a total five rigs: three DP (dynamically positioned) drillships and two anchor moored semi-submersibles for east coast development. Of five it has already hired two: Aban Offshore drillship Aban Abraham on June 24 and Transocean anchor-moored semi-submersible Jack Bates on July 8.

Next week (August 1) ONGC will receive bids in a tender to hire integrated services for Aban Abraham and Jack Bates as well as for three it plans to hire in the forthcoming tender. Schlumberger, Baker Hughes and Halliburton are expected to bid in this tender, issued on March 25, 2016, for marine logistics, shore base, helicopter and other services on four-year contracts.

Some say ONGC has committed a major blunder by not putting a cap on fuel consumption for the offshore supply vessels it wants. This could cost it dear if bidders offer fuel-hungry vessels.

ONGC needs four Anchor Handling Tug (AHT) supply vessels each of 180-tonne bollard pull capacity and four 3000-deadweight tonne PSVs.