Om Metals debut as ONGC drilling contractor

Vol 20, PW 15 (20 Apr 17) Exploration & Production

Get used to a new arrival to India's onland drilling scene as the Kothari family-run Om Metals Infraprojects bids lowest in one category of ONGC's tender to hire five onland rigs.

Om, a conglomerate engaged in everything from engineering construction to real estate to port infrastructure, quoted $27,702/day for one 2000-hp land rig needed by ONGC for three years at its Karaikal asset at Puducherry when bids were opened on March 24. Kolkata-based Simplex Infrastructures came second offering a rig in the same category at $28,795/day.

Om began bidding in ONGC and Oil India rig tenders in 2014 but this is its first victory. "I will accept congratulations only after receiving the LoA from ONGC!" Vikas Kothari, director at Om Metals, tells this report.

Om has offered a new 2000-hp rig with a 10,000-psi BoP in partnership with China's Shandong Kerui Petroleum Equipment Company. In another tender category, a consortium of Ahmedabad-based GTC Oilfield Services and China's Zhongman Petroleum and Natural Gas Group bid lowest to provide two 2000-hp land rigs with a 15,000-psi BoP to drill HP/HT wells, also at Karaikal.

GTC and Zhongman quoted $24,425/day against second ranked Deep Industries which quoted $25,920/day. In this category, Om with Kerui came third offering rigs at $28,872/day; Simplex quoted $29,843/day.

John Energy is also set to walk away with two rig contracts under this tender - one 2000-hp, the other 1400-hp.

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