Halliburton bids lowest for DGH job
Halliburton has emerged lowest bidder to set up and operate India’s first electronic data library on its sedimentary basins.
Engineers India (EIL), which is managing the National Data Repository (NDR) project for the DGH, should issue a ‘work order’ shortly. When EIL opened price bids on February 7, Halliburton was lowest bidder quoting Rs45cr ($7.5m) followed by Schlumberger at Rs55cr ($8.9m) and Geo Leader at Rs59.5cr ($9.6m).
Halliburton must set up the NDR across two floors of the Oil Industry Development Board building in Noida within a year of award. “Data entry will be a continuous exercise," says a source close to the project.
"But the NDR will be operational within 12 months of the work order.” Halliburton will operate the NDR for five years after which it will be handed over to the DGH.
The national database is a precursor to an Open Acreage Licensing Policy under which companies can view data and choose blocks to explore and develop all year round.
