Bulletin Updates
No ONGC boarding or lodging; only capped travel reimbursements apply. Final deliverables are… – E&P Contracting Brief: Part I, 5 Aug 2025
Aug 05, 2025
ONGC tightens timelines for lightning safety audit on Assam rigs8A four rig lightning risk audit in Assam comes with a strict single-trip survey mandate.
No ONGC boarding or lodging; only capped travel reimbursements apply. Final deliverables are due in 90 days — with zero advance payments.ONGC Rig Tender Tightens HSE and Vintage Norms, Squeezing Speculative Bidders8ONGC’s latest 4 rig charter hire pushes stricter DGMS approvals, vintage caps, and 180-day mobilization, favouring operators with ready, compliant fleet.
Contractor costs rise as ONGC locks in operational flexibility.ONGC Tripura PSV Overhaul Tender Tightens Timelines, Loads Risk on Contractor8Three year GeM contract for valve servicing across six rigs comes with no exemptions, rigid mobilization windows, and free one-year warranty rework.
Compliance heavy, margin, light — built to favour only fully equipped, PESO-certified operators.GSPC’s PK#1ST Wellhead Build Tender Packs Tight Timelines, Novation Twist8Four?month WHI build at Pissawada comes with firm price, strict HSE enforcement, and a clause to shift contract to Gujarat Gas midstream.
High cashflow strain meets corporate restructuring risk.
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