Eight firms bid for ONGC onland rig tender

Vol 11, PW 3 (14 Jun 07) News in Brief

ONGC is happy with the response toits onland rig tender for five rigs over three years.

“We have received eight bids by the 23rd May deadline,â€‌ confirms ONGC. “The response to our tender is very good.

â€‌ Companies that bid are: Shiv Vani, Varun Industries, John Energy, Dewanchand Ramsaran, Quipco, Essar Oil, Weatherford and MB Petroleum. Both technical and price bids were submitted.

ONGC tells us it expects to complete technical evaluation this month (June). “Price bids will be opened soon,â€‌ we hear.

“No date has been fixed as of now.â€‌ Bidders believe ONGC can finalise the tender fast.

“This is the first time ONGC has issued an (integrated) tender for onland rigs,â€‌ says a bidder. “ONGC wants to finalise it soon.

â€‌ First issued in December last year, bidders must offer mud and cementing services as well as directional drilling options. ONGC wants two rigs at Ankleshwar, two in Ahmedabad and one for the frontier basins Jammu and Himachal Pradesh.