Superior fights for ONGC vessel tender

Vol 19, PW 4 (22 Oct 15) News in Brief

US-based Superior Energy Services is expected to put up a tough fight to win ONGC’s tender to hire one well stimulation vessel for three years, where bids are due by October 30.

Superior is keen to break into the Indian market after acquiring a foothold by acquiring Mumbai-based Yennai Hydrocarbon Services in October 2014. Others likely to compete are Baker Hughes, Schlumberger and Halliburton.

“This tender is meant to compensate for the cancellation (on June 3) of ONGC’s tender to build a stimulation vessel,” says an industry source. He adds ONGC has budgeted $50,000/day for the vessel which it wants mobilised within 300 days of the LoA with higher capacity cranes and a ‘flowback’ system onboard.

ONGC currently has its own stimulation vessel Samudra Nidhi operated by Halliburton and two hired vessels: Vestfonn from Baker Hughes and Greatship Ramya from Schlumberger.