Bulletin Updates

Digboi desalter package under Technip PMC: Risk transfer philosophy – 27 Aug 2025

Aug 27, 2025

IOCL is adopting: retaining old assets but imposing new-build guarantees on vendors. This forces bidders into a liability trap, hence the pushback and repeated extensions.

The retention of an old vessel shell for a revamp, with all new internals, makes scope riskier than a greenfield supply. This may have amplified bidder hesitation

Technip’s role as PMC further raises documentation and compliance load (GAIA vendor documentation, mandatory proprietary disclosures).

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