Seven firms by ONGC marginal fields data

Vol 10, PW 5 (29 Jun 06) News in Brief

Seven companies have bought data packages for ONGCs latest tender of onland marginal fields.

By 27th June, we hear the following companies had bought data packages: Deep Industries, Assam Company, Hydrocarbon Resources Development, ASM Shipping, Premier Oil, Alpha Geo and Cambay Petroleum. Sale of tender documents began on 16th May and closes on 30th June.

Other companies that visited the dataroom and might still buy data packages are: Jubilant Enpro, Alkor Petro, Hindustan Oil Exploration, Stratum Energy and Ajapa International. ONGC is offering service contracts for 18 onland oil and gasfields in Andhra Pradesh, Assam, Rajasthan and Tamil Nadu.

All wells on the fields are capped. ONGC has set a 10th July deadline for queries before a pre-bid conference in Mumbai on 12th July.

Bids must be in by 10th August. This is ONGCs third set of marginal fields for tender.