E&P contracting brief for the day – 19 Aug 2025

PEL pushes CBM workover rig tender deadline to 25 Aug: More breathing space for bidders8Prabha Energy has extended its North Karanpura CBM workover rig tender deadline by three weeks, giving contractors time to mobilize bids.

The move signals bidder hesitation on pricing and guarantees, but also opens room for sharper competition.

Execution timelines may slip, but PEL secures a healthier pool of offers.ONGC pushes consultancy tender deadline to 29 Aug : Documentation pressure forces extension8ONGC has extended its Tier I & II consultancy empanelment tender deadline by eight days, despite earlier caution against extensions.

The move reflects heavy compliance demands, with global firms pressing for more time to meet ONGC’s rigid proof and verification requirements.