L&T-Pipavav win Sagar Pragati contract

Vol 16, PW 22 (30 May 13) News in Brief
     

Larsen & Toubro with partner Pipavav Shipyard have won the contract to convert ONGC jack-up Sagar Pragati into a Mobile Offshore Production Unit.

When ONGC opened price bids on May 20, L&T/Pipavav quoted $170.05m; AFCONS with Chinese partner Daeyang Shipyard came second, quoting $175.9m; Mercator Offshore with Dubai-based partner Global Process Systems came third, quoting $190m; SEW Infrastructure with PT Gunanusa of Indonesia quoted the highest at $234m. ONGC initially disqualified L&T/Pipavav after evaluating technical bids, submitted on January 31.

“L&T/Pipavav wanted to do the conversion using a barge,” says a source. “ONGC had doubts if this could be done.

” AK Jain, ONGC’s executive director in charge of engineering and construction, supported L&T/Pipavav after it replied to all queries satisfactorily. Built in 1981, Sagar Pragati is an ABS class, CFEM T-2000-C design jack-up that can drill in 300-feet water depths.

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