Bulletin Updates

E&P contracting brief: Part III – 18 Aug 2025

Aug 18, 2025

ONGC tightens payment norms — auditor-certified local content & safety proof now mandatory8In its latest directional drilling tender, ONGC has hardened payment release conditions, linking invoices to auditor-certified local content and detailed safety/HR undertakings.

The move protects ONGC’s compliance flank but raises contractor cashflow risk.ONGC inserts standby risk clause in Assam mats tender — contractors left to bear idle costs8In a surprise corrigendum, ONGC has armed itself with a mobilization deferment right, linking mats O&M services to rig readiness.

Contractors now face delayed revenue streams and unpriced idle-time risks.OIL eases logging specs, extends Mahanadi Basin bid deadline to August 228Oil India has trimmed technical obligations in its logging services tender and pushed the deadline to August 22, a move that broadens vendor participation but leaves contractors exposed to a 25% scope stretch.ONGC pushes PRP-IX pipe lay bid deadline to August 21 — contractors get breathing space8ONGC has extended the submission date for its high-stakes subsea pipeline tender under PRP-IX, giving contractors three extra days.

A procedural shift, but one that hints at tight bidder timelines in the offshore EPC market.ONGC extends bid deadline for Western Basin 2D seismic survey to Sept 3 — vendors get more time, not easier terms8ONGC has pushed back the bid submission date for its long-offset 2D seismic survey tender in Cambay, Rajasthan, Kutch, and Saurashtra.

While contractors gain breathing room till 03 Sept 2025, the operator has refused to dilute strict qualification, MSME exemptions, or costly TPIA certification mandates — keeping the field narrow but competitive.ONGC extends Cuddapah Basin air hammer drilling tender to Aug 218Extension signals thin early participation; bidders get more time to arrange niche technology tie-ups for two-well contract.

PEL Extends CBM Workover Rig Tender — Bid Deadline Now 18 August 2025

Extension hints at rig availability pressures and bidder readiness issues, with the promoter seeking to broaden competition before October 2025 mobilisation.

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