Bulletin Updates

Desert duty, solo suitor: Why OIL’s cementing contract found just one taker – 17 Apr 2025

Apr 17, 2025

Why did this OIL tender for cementing services attract a single bidder

It is simple: the tender was wrongly framed

The tender’s combination of small volume, high spec, tight timelines, locked in supply chain and hefty liability tilts the economics so steeply that it’s rational for everyone except one contractor to sit it out

Hence the single bid outcome

It is no longer possible for such tenders to come out without attracting a lot of criticism

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