Six bid for ONGC offshore Bassein contract

Vol 17, PW 9 (28 Nov 13) Exploration & Production

Six companies are competing to win offshore work at ONGC's Bassein gasfield off Mumbai.

PETROWATCH learns ONGC received bids by its November 22 deadline from Essar Projects, Larsen & Toubro, Punj Lloyd, Swiber, Great Offshore partnering Hyundai Heavy Industries, and Supreme Offshore partnering Valentine Maritime. ONGC has internally estimated the project will cost around $180m and will involve laying 98-km of pipelines divided into seven segments; modifying the topsides of seven platforms; installing a new subsea Pipeline End Manifold (PLEM); and laying a ‘piggy-back’ subsea umbilical.

ONGC wants the entire project completed by February 15, 2015. “It is difficult to say who has the edge,” says one bidder.

“Everybody will put up a tough fight and ONGC will emerge the winner as the winning price could be lower (than ONGC’s internal estimate). All the bidders (for this contract) either have their own barges or can use their partners’ barges.

” Separately, ONGC is expected to issue a tender in December that could be worth at least $100m for the pipeline segment of its ongoing Mumbai High North Re-Development (MHNRD), Phase-III, five-well platform project. ONGC wants 16 segments of pipeline laid, adding up to 90.6-km, for well fluids, gas lift and water injection.

ONGC also wants the selected contractor to modify two established well-head platforms and three process complexes.