ONGC Launches Vendor Empanelment for Offshore Vessels
OIL & GAS

ONGC Launches Vendor Empanelment for Offshore Vessels

Oil and Natural Gas Corporation Ltd (ONGC) has initiated a vendor empanelment process for hiring offshore vessels, including platform supply vessels (PSV), offshore supply vessels (OSV), and anchor handling tug cum supply (AHTS) vessels. This first-of-its-kind initiative aims to expedite procurement by streamlining tender processes. India’s largest oil and gas explorer has invited applications for empanelment, allowing pre-qualified vendors to participate in limited tenders for vessel chartering. ONGC emphasised the importance of early empanelment to minimise documentation during future tenders, thus reducing processing times. The first phase focuses on PSVs with 3,000 DWT, OSVs with 1,500 DWT, and AHTS vessels with Bollard Pull capacities of 80, 120, and 150 tons. Vendors can apply for one or more categories. Even those without vessels can qualify by meeting the technical Bid Evaluation Criteria (BEC) and offering vessels at the tender stage. During a pre-bid meeting on January 6, ONGC encouraged bidders to pre-qualify all their vessels, even those currently engaged in contracts, to ensure a faster bidding process. Applications must be submitted by January 23, though the empanelment process will remain open year-round. ONGC typically requires 79 offshore vessels for its operations—71 on the west coast and 8 on the east coast. The empanelment process is expected to be completed within 90 days. Eleven entities, including Shipping Corporation of India Ltd, Alphard Logistics Pvt Ltd, Greatship (India) Ltd, and international players like Zakher Marine International (Abu Dhabi) and Wintermar Offshore Marine Group (Indonesia), have shown preliminary interest. The empanelment period will align with the validity of BEC-related documents. ONGC will notify empanelled vendors of any post-empanelment tender condition changes, requiring their acceptance during subsequent limited tenders. Vendors must participate in at least one tender or provide justification for non-participation, subject to ONGC’s approval. This initiative, aimed at expediting vessel chartering, is the first step in ONGC’s broader strategy to apply similar processes for other goods and services in the future. (ET)

Oil and Natural Gas Corporation Ltd (ONGC) has initiated a vendor empanelment process for hiring offshore vessels, including platform supply vessels (PSV), offshore supply vessels (OSV), and anchor handling tug cum supply (AHTS) vessels. This first-of-its-kind initiative aims to expedite procurement by streamlining tender processes. India’s largest oil and gas explorer has invited applications for empanelment, allowing pre-qualified vendors to participate in limited tenders for vessel chartering. ONGC emphasised the importance of early empanelment to minimise documentation during future tenders, thus reducing processing times. The first phase focuses on PSVs with 3,000 DWT, OSVs with 1,500 DWT, and AHTS vessels with Bollard Pull capacities of 80, 120, and 150 tons. Vendors can apply for one or more categories. Even those without vessels can qualify by meeting the technical Bid Evaluation Criteria (BEC) and offering vessels at the tender stage. During a pre-bid meeting on January 6, ONGC encouraged bidders to pre-qualify all their vessels, even those currently engaged in contracts, to ensure a faster bidding process. Applications must be submitted by January 23, though the empanelment process will remain open year-round. ONGC typically requires 79 offshore vessels for its operations—71 on the west coast and 8 on the east coast. The empanelment process is expected to be completed within 90 days. Eleven entities, including Shipping Corporation of India Ltd, Alphard Logistics Pvt Ltd, Greatship (India) Ltd, and international players like Zakher Marine International (Abu Dhabi) and Wintermar Offshore Marine Group (Indonesia), have shown preliminary interest. The empanelment period will align with the validity of BEC-related documents. ONGC will notify empanelled vendors of any post-empanelment tender condition changes, requiring their acceptance during subsequent limited tenders. Vendors must participate in at least one tender or provide justification for non-participation, subject to ONGC’s approval. This initiative, aimed at expediting vessel chartering, is the first step in ONGC’s broader strategy to apply similar processes for other goods and services in the future. (ET)

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?