Three bid for Oil India seismic job

Vol 19, PW 17 (05 May 16) News in Brief

Only three companies have decided they are brave enough to risk bidding to shoot 396-sq km 3D at Oil India's AA-ONN-2010/2 block in the dangerous Karbi Anglong area of Assam.

Of the eight pre-qualified companies, only Geotech, Advent Oilfield and Asian Oilfield sent in bids by April 19. This deadline had twice been extended, first from March 15 to April 6 at the request of bidders and then again to April 19 because of a technical glitch uploading bids.

"Oil India is expected to take at least two months to evaluate bids," says a bidder. Advent and Asian are believed to have bid aggressively.

OilMax promoter Kapil Garg, who is in the process of acquiring Asian, has already been approached by subcontractors eager for work on the Karbi project. A surprise absentee in the tender was Alpha Geo.

But Alpha is more focused on ONGC's tender to shoot 40,835-lkm 2D across the country, where it is likely to win eight of 11 sectors. "Karbi is a dangerous area [overrun by armed separatists]," explains a source.

"Why work there if you have other jobs in hand?"