Tulshyan risks exclusion in ONGC 8-rig tender

Vol 20, PW 21 (13 Jul 17) Exploration & Production
     

Singapore-based Tulshyan Group is facing disqualification in ONGC's tender for eight jack-ups.

Founded in 1983 by Indian-Singaporean Rakesh Tulshyan, Tulshyan failed to submit a hard copy bid after uploading the electronic version online. Worse, it failed to submit a bid bond.

"In this tender ONGC wanted hard copies submitted the same day unlike before where bidders had seven days to send hard copies after online submission," says a driller. "While submitting the bid Tulshyan also admitted it had not sent the bid bond and this means automatic rejection.

ONGC would have considered the late submission of other documents but not submitting a bid bond is unacceptable." Twenty-six rigs were offered to ONGC by the June 30 deadline. Tulshyan offered jack-up Hull 351 under-construction in Qatar in the HP/HT category.

Dynasty Oil and Gas offered Dynamic Vision under the Micro Small and Medium Enterprise category which entitles an Indian bidder to a 15% price preference. Those hoping to benefit from the 10% price preference for Indian 'content' announced by ONGC on June 14 are Aban Offshore; CPOE, a subsidiary of China's CNPC, bidding with Indian partner PSMZ Drilling; Dynamic Drilling; Greatship India; Jindal Drilling; Dubai-based Selective Marine Services and Shelf Drilling (India).

Shelf offered the most rigs with six offers. Bidders expect ONGC to complete the evaluation of technical bids and announce a date to open price bids in two to three months.