SEISMIC: 'Exempt us from unfair customs duty!'

Vol 18, PW 16 (09 Apr 15) People & Policy
     

ONGC and Oil India are preparing two major tenders in May to collect seismic data for the DGH - a critical precursor to the long-awaited Open Acreage Licensing Policy (OALP).

Anxious contractors tell us they are still in the dark over the final terms and conditions of ONGC’s tender to shoot 40,835-lkm onland 2D in 22 sedimentary basins and Oil India’s tender to shoot 7860-lkm 2D in the Assam Shelf and Assam Arakan basins. Of particular concern is whether the finance ministry will grant 100% customs duty exemption for imported exploration equipment as it does for NELP blocks.

Interest in these tenders is huge. Thirty-five contractors attended a pre-tender meet called by ONGC for three days from March 26.

Oil India also held a pre-tender meeting for three days from March 16. Fifty companies submitted online EoIs to ONGC by March 19 and 30 submitted EoIs to Oil India by March 13.

Among Indian companies interested in both tenders are IOT Infrastructure, Asian Oilfield, Alpha Geo, Shiv Vani, Quippo and SK Projects. Overseas bidders could include UK-based WesternGeco, France’s CGG, Houston-based Geokinetics and Eagle Geophysical, Channel Islands-based PanAmerican Geophysical, Poland’s Geofizyka Torun, Israel’s Geophysical Institute of Israel (GII) and Taman Belajar Elnusa (TBE), Bermuda-based Kosmos Energy, and Russian companies Geotech and Dolphin.