ONGC sticks to Assam revamp deadline
ONGC is unlikely to extend the bid deadline beyond (Monday) June 16 for its Rs2300cr ($575m) plan to revamp ageing production facilities in Assam, despite an increasing clamour from contractors.
Larsen & Toubro is one of several high-profile contractors asking ONGC for another two-week extension. “Four extensions have already been given,†ONGC tells us.
“No more extensions are possible.†ONGC recognises that its Assam project is complex, involving the upgrade and modernisation of facilities in a remote region beset by separatist militancy.
“We understand the concern of contractors,†adds ONGC. “Equipment suppliers are not willing to confirm delivery schedules these days because of full order books but we can’t keep waiting for ever.
†ONGC expects the three-year upgrade of its Assam asset to result in a 10% increase in annual crude production of 30,000 b/d across the state and increase the life of its surface facilities by 15 years.
