Bulletin Updates
Contractors also risk cost recovery hits if fishing fails, with a redrill clause at 50% rate.… – E&P Contracting Brief: Part I, 2 Jul 2025
Jul 02, 2025
ONGC skips mobilisation buffer in valve repair tender, pushes 20-day start mandate8In a departure from past practice, ONGC's Rajahmundry tender for valve servicing demands service commencement within 20 days of NOA—without a classical mobilisation period.
This shift compresses contractor prep time and may heighten execution risk, especially for smaller vendors managing dispersed surface assets.ONGC enforces tight digital compliance in low-value civil restoration job8A tender for restoring two Bikaner drill sites comes with zero offline tolerance, a mandatory Integrity Pact, and strict price bid rules—signaling rising digital scrutiny even in low-capex tenders.Milestone-gated payout and redrill-at-half-rate clause tighten risk exposure in ONGC’s air hammer tender8ONGC’s Cuddapah drilling tender imposes an unusually strict payment structure—no cash flows unless casing and wellhead test for phase-1 are complete.
Contractors also risk cost recovery hits if fishing fails, with a redrill clause at 50% rate. Vertical deviation control and TPI-based rig readiness further raise execution stakes.ONGC–Vedanta JV shifts risk with no-minimum gas clause, enforces modular, penalty-backed compression model at Nagayalanka8The Nagayalanka JV’s EOI for gas compression services imposes tight delivery norms with no standby compensation and daily penalties for underperformance.
Contractors must install a 3-compressor modular setup on self-provided utilities—raising both upfront cost and risk exposure.
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