Service contracts from ONGC for 19 marginal fields

Vol 6, PW 19 (20 Nov 02) Exploration & Production
     

LOG ON TO ONGC's website later this month for tenders seeking Expressions of Interest from private Indian companies to enter into service contracts to develop 19 of its idle marginal fields.

"We are currently working on the tender documents," ONGC tells us. When companies respond with EOIs, expect a pre-bid conference in December, followed by the opening of a dataroom in Mumbai.

ONGC wants to receive bids in February, evaluate them a month later and award contracts by May or June. As we reported in an earlier issue, selected companies will sign profit-sharing arrangements with ONGC, but will be denied equity participation.

See below: In place and recoverable reserves in 19 ONGC marginal oil and gas fields State Field In place reserves Recoverable reserves Oil/gas Assam Nahorhabi 1.72m tonnes 0.27m tonnes Oil Hilara 0.04m tonnes 0.01m tonnes Oil Barsilla 3.11m tonnes Nil Oil Laxmijan 3.72m tonnes Nil Oil Bihubar 0.58m tonnes Nil Oil Gujarat West Bechraji 0.74m tonnes 0.07m tonnes Oil Khambel 0.10m tonnes 0.01m tonnes Oil South Patan 0.44m tonnes 0.04m tonnes Oil Hirapur 0.15m tonnes 0.01m tonnes Oil Kamboi 0.12m tonnes 0.01m tonnes Oil Andhra Pradesh Magatapalli 0.03bn cubic metres 0.019bn cubic metres Gas Mulkipalli 0.47bn cubic metres 0.05bn cubic metres Gas Rajasthan Bhakri Tibba 0.06bn cubic metres 0.03bn cubic metres Gas Sadewala 0.04bn cubic metres 0.02bn cubic metres Gas Bankia 0.15bn cubic metres 0.04bn cubic metres Gas Ghotaru 0.97bn cubic metres 0.66bn cubic metres Gas Kharatar 0.3bn cubic metres 0.17bn cubic metres Gas Tamil Nadu Attikadai 0.16bn cubic metres 0.1bn cubic metres Gas Neyveli 0.03bn cubic metres 0.01bn cubic metres Gas