Four compete for Oil India seismic job

Vol 19, PW 3 (08 Oct 15) News in Brief

Only four companies are believed to have a chance in Oil India’s Rs325cr ($54m) tender to shoot 2360-lkm 2D across unexplored areas of Assam and Arunachal Pradesh: Asian Oilfield Services, Alpha Geo, Advent Oilfield and Geofizyka Torun.

Of the other six original bidders who responded by the August 19 deadline, Geofizyka Krakow was disqualified for failing to submit a bid bond, IOT has closed down its seismic division, and Geotech might be disqualified for not responding to technical queries. “Things are also looking bad for Om Metals, Texas Oil and Gas and Quippo,” we hear.

“They might also be disqualified.” Oil India is expected to open price bids in mid-November and set an October 8 deadline to receive replies on its second round of technical queries, after receiving replies to the first set on September 25.

“Oil India will take two-three weeks to prepare a final bid evaluation report,” we hear. “As it’s a high value tender, the price bid opening must be approved by the Board.

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