HAL bids lowest for Sobhasan
Mumbai-based HAL Offshore has bid the lowest in ONGC’s tender to redevelop the Sobhasan Complex of fields at its Mehsana asset in Gujarat.
As expected, HAL and Golla Engineering, also known as JSC Golla, were the lowest bidders. When ONGC opened price bids on March 31, HAL quoted Rs767.22cr ($109m), followed closely by JSC Golla at Rs777.37cr ($111m).
Far behind were Kalpataru Power Transmission at Rs854.32cr ($122m), Megha Engineering at Rs860.22cr ($123m), and Afcons at Rs1102.35cr ($157m). All prices include GST.
Still unclear is when ONGC will issue the LoA. From the date of the LoA, HAL has 22 months to complete and commission this project, from which ONGC expects to add 14.88m barrels (2m tonnes) of oil by 2039-40.
By 2039-40, the Sobhasan fields are expected to yield total oil production of 155m barrels (20.84m tonnes) or 27.1% of in-place reserves. Spread across 180-sq km, the Sobhasan complex is one of the largest producing oilfields in the Mehsana asset, comprising six fields: Sobhasan, West Sobhasan, South Sobhasan, Mewad, South Mewad and Kherwa.
Production is from a multi-layered reservoir with oil and gas in four stratigraphic levels: Mandhali, Sobhasan, BCS and Kalol from bottom to top. In January 2023, HAL bid the lowest for ONGC’s Linch field redevelopment project in Mehsana but is yet to receive the LoA.
For Linch, HAL bid Rs547cr ($78m), followed by Oswal Infrastructure with SMS of Nagpur, which bid Rs615cr ($87m); Megha Engineering bid Rs648cr ($92m) and Kalpataru Power with Toshiba Water Solution & Services bid Rs850cr ($121m).