Naftogaz misses MHN bid deadline

Vol 11, PW 8 (23 Aug 07) News in Brief
     

Timing is critical when submitting EPC bids to ONGC, as Ukraine’s state-owned Naftogaz discovered to its cost.

PETROWATCH learns ONGC refused to accept the Naftogaz bid for a $1.5bn contract to build a new Mumbai High North platform - to replace one that was completely destroyed in an accidental fire in July 2005 - because it was late by a few minutes in submitting the bid. A source reveals Naftogaz staff entered ONGC’s Mumbai offices “well before timeâ€‌ with a 300-kg packet containing the bid papers on August 9th but was told they had missed the 2pm deadline.

“It took some time to carry the packet to the fourth floor to hand over the papers,â€‌ we hear. “Naftogaz was on time but ONGC officials refused to accept the bid.

â€‌ Only two bidders are now left in the race for what is described as one of the biggest offshore contracts in the world: Larsen & Toubro in alliance with Samsung, and Punj Lloyd in alliance with Iran Offshore Engineering Construction Company.