Enquest sole bidder for Umatara PMC contract

Vol 24, PW 15 (17 Jun 21) Exploration & Production

Delhi-based Enquest PetroSolutions is the only company competing for an IndianOil contract to hire a project consultant for two 'firm' and one 'optional' well at onland DSF-2 field AA/ONDSF/Umatara/2018 in Assam.

IOC opened sole valid bidder EnQuest's price bid on May 28 (2021) after five others failed to qualify during technical evaluation. Besides Enquest, IOC opened technical bids on March 25 (2021) from Pune-based Manan Oilfield, Petrofac Projects and Services, Mumbai-based Saiph Energy (set up ten months ago on July 23, 2020), Singapore-based Telesto Energy and Vadodara-based KBUC.

"Only EnQuest passed the technical evaluation round," confirms an IOC source. All that's left now is for IOC to evaluate EnQuest's price bid to see if it is realistic and in line with market conditions.

"If Enquest fails, we'll re-tender," adds our source. "Our schedule is already delayed because of the pandemic and lockdowns."

IOC wants to begin its campaign at Umatara between January and March (2022), drilling three development or appraisal wells up to 4300 metres. IndianOil hopes to unlock some of the 24.7m barrels of oil-in-place from the 33.54-sq km Umatara portion of the block and 12.5m barrels of oil-in-place from the 18.4-sq km South Rajgarh portion.

All the indications are it might succeed. Earlier licence holder Oil India announced the South Rajgarh-1 oil discovery in 1994 with traces of gas in a five-metre zone at 4214-4219 metres depth.

In 2010, Oil India announced the Umatara-1 discovery, which flowed 151 b/d of 34.76-API grade crude from two zones between 4291-4294 and 4287-4293 metres depth. In March (2021), IndianOil invited EoIs for a 2000-hp drilling rig and received responses from John Energy, Deep Energy Resources (previously Deep Industries), and newcomer Rotodyne Engineering.

But IOC inexplicably scrapped the EoI process on March 23 (2021).