Sagar Samrat bids

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

At least six companies are interested in an estimated $185m contract to convert ONGC’s decommissioned Sagar Samrat rig into a Mobile Offshore Production Unit (MOPU).

L&T, Mercator, ABG Shipyard, Lamprell, Gulf Piping and Sembawang will almost certainly bid by ONGC’s August 1 deadline, say contractors. Decommissioned in 2005, Sagar Samrat today generates electricity for the NA platform at the Mumbai High, but will be delivered to the winning company for conversion end-March next year, assuming ONGC awards the contract in September or October this year.

When returned, Sagar Samrat will be deployed at the WO-16 wellhead platform in line with a Rs2523cr ($548m) development of the WO-15, WO-16, WO-5 and B-121 marginal fields, approved by ONGC’s board on June 30 last year. ONGC wants the winning contractor to remove on-board drilling equipment, install new processing equipment and hand it back to ONGC offshore Mumbai by end-March 2013.