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$ 3 billion in E&P orders in next few months-VI: Has ONGC played the game well?
Jun 14:
It is learnt that while keeping the field open, ONGC has tightened the financial and technical qualification criteria for the FPSO project
8It now wants to pre-qualify only those contractors that either own or operate at least one FPSO of minimum 80,000 dwt.
8The contractor should also have leasing, operations and maintenance experience of not less than five years during the past decade
8Clearly, this limits the competition to just a handful of big global FPSO players
8But at the same time, ONGC has become flexible on the kind of JV platform which can bid for the job, making it easier for those who qualify to bid
8There have however been complaints that ONGC continued to insist on bidding conditions which could have easily been relaxed.
Click on Details for more
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8It now wants to pre-qualify only those contractors that either own or operate at least one FPSO of minimum 80,000 dwt.
8The contractor should also have leasing, operations and maintenance experience of not less than five years during the past decade
8Clearly, this limits the competition to just a handful of big global FPSO players
8But at the same time, ONGC has become flexible on the kind of JV platform which can bid for the job, making it easier for those who qualify to bid
8There have however been complaints that ONGC continued to insist on bidding conditions which could have easily been relaxed.
Click on Details for more
