Transocean only bidder

Vol 15, PW 2 (28 Jul 11) News in Brief

Transocean looks set to win an ONGC tender for a semi submersible that can drill in water depths of 600 metres as it was the only company to submit a bid by the July 25 deadline.

ONGC rejected requests from Shiv Vani and Jagson to extend the deadline for the rig, which ONGC needs to drill five wells. “ONGC has already extended the bid deadline four times,” says a contractor.

“That’s why it didn’t give another extension.” Transocean offered two rigs: GSF 135 working for Addax Petroleum offshore Nigeria at $264,000/day and available in January 2012 - if an extension option is exercised - or in September later this year; and GSF 140 working for ExxonMobil offshore Equatorial Guinea at $435,000/day and available from this month (July).

Transocean is believed to have quoted “a minimum $300,000/day” but it’s unclear if ONGC will open its bid as it was the only bidder. Shiv Vani wanted to offer two Diamond Offshore rigs while Jagson was expected to offer a Cosco rig.