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

DLF Expands Mumbai Residential Footprint With 0.8 Million Sq Ft New Phase

DLF Expands Mumbai Residential Footprint With 0.8 Million Sq Ft New Phase

A major residential expansion planned in Mumbai is set to add nearly 0.8 million square feet of new housing inventory, underscoring continued confidence in...
Anthurium Emerges as Central Noida Mixed Use Commercial Hub Amid Rising Occupier Demand

Anthurium Emerges as Central Noida Mixed Use Commercial Hub Amid Rising Occupier Demand

A mixed-use commercial development in Central Noida is witnessing growing business activity, reflecting broader shifts in how urban centres are integrating retail, office and...
JJ Hospital Expansion Project Moves Forward With Accelerated Land Transfer Process

JJ Hospital Expansion Project Moves Forward With Accelerated Land Transfer Process

A long-pending land transfer required for the expansion of one of Mumbai’s largest public healthcare institutions has moved forward, paving the way for additional...
Delhi Property Auctions Generate Over ₹1300 Crore Amid Strong Demand for Urban Assets

Delhi Property Auctions Generate Over ₹1300 Crore Amid Strong Demand for Urban Assets

A recent round of property auctions conducted by Delhi’s urban development authority has generated more than ₹1,321 crore through the sale of 142 assets,...
Prime Securities Enters Real Estate AIF Market With ₹1000 Crore Investment Platform

Prime Securities Enters Real Estate AIF Market With ₹1000 Crore Investment Platform

A financial services firm has entered India’s alternative investment fund market with a proposed real estate-focused platform targeting investments of up to ₹1,000 crore....