HomeLatestONGC Invites Bids for Offshore Vessel Operations and Maintenance Services

ONGC Invites Bids for Offshore Vessel Operations and Maintenance Services

Oil and Natural Gas Corporation Ltd (ONGC), a state-run oil and gas giant, has issued a tender calling for bids from private entities for the operation and maintenance (O&M) of two of its offshore vessels: ‘Samudra Sevak’ and ‘Samudra Prabha’. The contract, which will last one year, is open for bids from companies interested in managing either or both vessels, with the last date for bid submission set for December 16, 2024.

The successful bidder will be required to mobilize a qualified marine and diving crew to meet the scope of work and special contract conditions. The contractor must secure the necessary clearances from various authorities, including Port, Customs, D.G. Shipping, and the Ministry of Home Affairs, and begin work within 30 days from the date of notification of award (NOA) or upon the expiry of the current O&M contracts for both vessels. The handover process will take up to 10 days, and work must commence without delay after that period. Currently, the O&M contracts for ‘Samudra Sevak’ and ‘Samudra Prabha’ are due to end on March 20 and April 29, 2025, respectively. ‘Samudra Sevak’ is a multipurpose supply vessel, while ‘Samudra Prabha’ serves as a diving support vessel. Both vessels play a crucial role in supporting ONGC’s offshore oil and gas drilling operations.

The vessels, which were initially subject to age-related restrictions, have been granted an operational extension until February 24, 2026, following a directive from the Directorate General of Shipping (D.G. Shipping) in 2023. According to the ruling, existing vessels, regardless of their age, may operate for up to three years beyond the prescribed maximum age limit, provided they comply with safety and operational standards. If the D.G. Shipping does not grant an additional extension, ONGC reserves the right to conclude the contract on February 24, 2026, without incurring any additional costs or time delays for the company. This move by ONGC is part of the ongoing efforts to ensure efficient operation of its offshore assets while complying with regulatory guidelines.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Oberoi Realty Bags High-Value Mumbai Land Deal Worth Rs 5,400 Cr

Oberoi Realty Bags High-Value Mumbai Land Deal Worth Rs 5,400 Cr

0
Mumbai’s high-stakes commercial real estate market has recorded one of its most consequential land transactions in recent years, with a leading listed developer securing...
Sunil Gavaskar Joins Agami Realty As Brand Face

Sunil Gavaskar Joins Agami Realty As Brand Face

0
A Mumbai-based real estate developer has appointed a nationally respected sporting legend as its brand ambassador, marking a strategic branding move ahead of its...
Mumbai Property Market Driven By Premium Home Demand

Mumbai Property Market Driven By Premium Home Demand

0
Mumbai’s property market began the year with a clear signal of resilience, as stamp duty collections crossed ₹1,012 crore in January, marking the highest-ever...
MahaRERA Directs Interest Payment Penalty For Delayed Goregaon Flat Delivery

MahaRERA Directs Interest Payment Penalty For Delayed Goregaon Flat Delivery

0
Mumbai’s Real Estate Regulator Has Delivered A Strong Signal On Buyer Protection After Ordering Monetary Relief And Penal Action Against A Promoter For Prolonged...
BMC Moves To Enforce Property Tax Compliance

BMC Moves To Enforce Property Tax Compliance

0
Mumbai’s Municipal Administration Has Signalled A Sharper Turn In Its Fiscal Enforcement Strategy After Issuing Asset Seizure Notices To Several Large Property Owners With...