E&P Contracting Brief - Part II – 16 Jun 2025

L1 bid locks in workover rig at Rs 15 crore/year baseline
8With the awarded sum spread over 3 years, Deep’s bid effectively prices each operational year at ~Rs 15 crore, inclusive of rig, crew, tools, and mobility—an aggressive financial structuring in today’s service climate.
8GTC Techno Exploration trailed Deep Industries by Rs 8.4 crore in the final price race, indicating conservative L2 pricing assumptions or over-provisioned service inputs.
Low bidder lands Rs 4.11 crore tubewell contract in Jorhat fields
8Girin Chutia secures ONGC’s three-year drilling and development package with a sub-5% margin over the estimated contract value, edging out BSR Corporation.
OIL’s Rs 22 crore seismic package sees lone technical qualifier
8Despite the scope’s scale and sensitivity, only this company crossed the technical threshold—raising flags over domestic readiness for cable-less acquisition.