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

Northeast India Limits Property Sales To Locals

Northeast India Limits Property Sales To Locals

0
India’s northeastern region remains among the most regulated real estate markets in the country, with multiple states imposing strict restrictions on land ownership for...
Banjar Hospital Construction Delayed Five Years

Banjar Hospital Construction Delayed Five Years

0
Banjar, Himachal Pradesh The construction of a new hospital building in Banjar, Kullu district, has faced delays exceeding five years, leaving residents reliant on...
NCR Real Estate Surges Along RRTS Corridor

NCR Real Estate Surges Along RRTS Corridor

0
The National Capital Region (NCR) is witnessing a structural shift in its residential and commercial property markets, driven by the expansion of the Regional...
Rajkot Real Estate Faces Severe Liquidity Crisis

Rajkot Real Estate Faces Severe Liquidity Crisis

0
Rajkot’s property sector is encountering an unprecedented liquidity squeeze, with developers struggling to secure funding and new projects dwindling. The slowdown, now entering its...
Bengaluru East Sees Fresh Land Acquisition Momentum

Bengaluru East Sees Fresh Land Acquisition Momentum

0
A fresh Bengaluru land acquisition in the city’s eastern growth belt is set to accelerate residential development along the Whitefield corridor, signalling continued investor...