Hopefuls battle for ONGC Cluster 7 job

By NISHANT UGAL Mumbai

 04 April 2012 20:45 GMT

SIX contractors have submitted bids to supply state-owned Oil & Natural Gas Corporation’s (ONGC) with a floating production, storage and offloading vessel for its Cluster 7 marginal oil development off the west coast of India.

Industry sources said Malaysian contractors Bumi Armada and M3nergy have submitted bids to ONGC, along with domestic players ABG Shipyard, Hind Offshore, Pipavav Shipyard and Mercator.

“Bumi Armada and M3nergy are the only two FPSO contractors that have the requisite technical experience on their own to qualify for the Cluster 7 job,” claimed an industry source.

However, the four Indian contenders are believed to have tied up with other qualified companies to meet the technical qualification criteria, as mandated by ONGC.

Some see Malaysia’s Bumi Armada as the front-runner for the Cluster 7 FPSO…

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