E&P contracting brief: Part III – 3 Nov 2025

1) ONGC Tripura PSRV/PSV servicing: nine participated, four qualify as PESO/NABL paperwork and schedule discipline shape the field.8The valves are routine; the metrology is not.

ONGC has fused OMR/OISD/API requirements with PESO/NABL documentation and tight LD clocks.

That combination filtered the field to four serious contenders.

2) ONGC Rajahmundry LTSOBM: Financials can be standalone or consolidated, but never mixed8Where standalone audits aren’t mandated, audited consolidated statements are acceptable.

All parameters must be evidenced on a uniform basis for the assessed period.

That keeps verification clean while admitting diverse corporate forms.

3) ONGC deepwater drillship charter: Bid date extended to 13 November; currency and PoA rules clarified without easing core terms.8A week’s extension gives bidders breathing room, but the technical and commercial bar stays high.

ONGC has tightened currency and signing-authority rules to prevent downstream disputes.

The signal is process clarity, not scope dilution.

4) Gas compressor services: Bid discipline and fixes timing while locking scope to three assets8The owner has codified scope to three priority sites and hardened bid discipline through BSD and longer EMD validity.

The technical bar remains high with OEM/TPI artefacts, leaving performance risk squarely with the contractor.