ONGC gets single bid from ?Schlumberger for oil field production upgrade


ONGC gets single bid from ?Schlumberger for oil field production upgrade

State-owned ONGC has received just one bid from US oilfield-service company Schlumberger Ltd for its ambitious pilot to raise output from ageing oilfields through the infusion of technology, sources with direct knowledge of the development said.

India’s top oil and gas producer plans to hire international oil service companies for the first time to raise output from its mature oilfields. Last year, it had shortlisted Schlumberger, Halliburton and GE subsidiary Baker Hughes for raising output from Kalol field in Gujarat and Geleki field in Assam.

At the close of bids, only Schlumberger made a financial bid for Geleki field, sources said.

No bid was received for Kalol field.

The service providers will be paid a fee for raising output beyond an agreed baseline production. Read More

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