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ONGC (APAC)

/ONGC (APAC)
ONGC (APAC) 2017-08-10T12:30:03+00:00

Project Description

1207, 2017

ONGC Evaluates Jackup Bids

ONGC’s tender for eight (8) jackups has drawn bids from four (4) jackups stationed in this region and is amongst all the India based rigs that are up for renewal. Aban has offered Deep Driller 3 (stacked) and Deep Driller 8 (VSP Vietnam), Jindal offered Jindal Explorer (stacked) and Hallworthy offered under construction Vivekanand 3 which at COSCO’s yard in China. Altogether twenty-seven (27) rigs have been offered to ONGC. One of the bidders is Singapore company the Tulshyan Group, whose main business is ship owning, ship demolition and real estate. It is not known what they are offering but [...]

1706, 2017

ONGC India Awards Rig Contracts

ONGC India have finally made awards for their two deepwater rigs tender which came out in September last year and have confirmed an award of a 3-year charter to regionally based Vantage UDW drillship Platinum Explorer which has been laid up in Labuan since completing its maiden 5+3 year charter in December 2015 also with ONGC. The rig is likely to mobilize to India in late Q3 and commence drilling in October. It is understood that both Vantage and Petroserv, who won the other contract, have had to agree to meet the rate of $108,000 set by low bidder Seadrill [...]

106, 2017

ONGC India Yet To Secure Floater

The refusal of low bidder Seadrill to extend the validity of their bid to ONGC for a DP floater appears to have rendered ONGC into an inert state with no word on whether they will re-tender or invite the third lowest bidder, Universal Services who offered Petroserv semi Louisiana, to match the Seadrill offer. Second lowest bidder for the two rig requirement is Vantage Drilling with UDW drillship Platinum Explorer, currently stacked in Labuan, who has yet to be confirmed a winner. A Seadrill spokesman confirmed the company had pulled out, explaining that there were "delays in the tender process, [...]

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