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

Star Cement Expands Manufacturing With Cachar Plant

Star Cement Expands Manufacturing With Cachar Plant

0
Assam’s push to expand industrial capacity received a boost with the inauguration of a new cement manufacturing facility in Cachar district, developed by Star...
Star Cement Backs Indian Football League Growth

Star Cement Backs Indian Football League Growth

0
India’s growing intersection between industry and sport took another step forward as Star Cement Indian Football League partnership was announced, positioning the building materials...
Nuvoco Vistas Expands Cement Demand Footprint

Nuvoco Vistas Expands Cement Demand Footprint

0
India’s construction materials sector is witnessing steady demand as infrastructure expansion and housing activity accelerate across several regions. Within this environment, Nuvoco Vistas cement...
Ambuja Cement Strategy Shift Reshapes Industry Competition

Ambuja Cement Strategy Shift Reshapes Industry Competition

0
India’s cement industry is entering a phase where profitability and product value may begin to outweigh the traditional race for higher output. The Ambuja...
India Cement Market Expands With Infrastructure Push

India Cement Market Expands With Infrastructure Push

0
India’s construction economy is entering a phase of accelerated expansion, with the India cement market poised for sustained growth as large infrastructure investments, urban...