Policy
Oil Demand Projections For 2024: Who Is Closer To Reality, OPEC Or IEA?
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India’s Rising Oil And Gas Imports
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India Scrambles For New Long- Term LNG Deals
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Oil Suppliers Including Russia Resist: India’s Move For Rupee Payment For Crude
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India’s Domestic Crude Production: Predicted To Decline Sharply
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Regulation
Strategic Shift In Operation Of Strategic Crude Reserve
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L&T’s Entry Into DFCU Is Seen As A Significant Development
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Diesel Buses In India On Their Way Out?
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Growing Relevance Of Arbitration In India’s Oil and Gas Industry
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Alternative Energy / Fuel
India’s Expanding Wind Energy Capacity
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New Projects
Foundation Stone Laid For BPCL’s Common User Facility POL Terminal In Jammu
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BPCL To Build Airport-Sited Green H2 Plant
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RenewSys To Invest Rs 60 Billion In Hyderabad
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Market Watch
BPCL Launches First Mobile MAK Adblue Dispenser In Kolkata
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Companies
PT Timas Suplindo
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Pennwhite Ltd Sets Up Indian Subsidiary As Part Of Global Growth Strategy
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Ultraviolette And HPCL Announce Strategic Alliance
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Press Release [FREE Access]
Tenders » Carin Oil & Gas

Expression of Interest (EoI) for establishment of Artificial Intelligence and Machine Learning (AI-ML) Factory.

Vedanta Group has $30bn revenue and $10bn profit and further plans to invest $20bn in next 4-5 years for the expansion of brownfield capacity and setting up green field capacity for oil and gas, renewable energy, display glass, semiconductor, mining and smelting. Vedanta is one of the leading players in the market.

Cairn Oil & Gas has a vision to achieve 50% of India’s crude production and contribute to India’s energy security.

Cairn Oil & Gas, Vedanta Ltd., is an active explorer, developer, and operator of oil and gas fields across India. Currently, Cairn Oil & Gas has few exploration blocks and producing assets in Rajasthan, Ravva and Cambay. With this EOI, Cairn Oil & Gas intends to short list names of experienced contractors with proven capabilities and demonstrated performance in similar requirement to express their interest in prequalification to participate in National Competitive Bidding Process for Identification, Delivery, Upkeeping and Maintenance of AI-ML Use Cases and its platform.

Scope of Work broadly includes to Identification of AI-ML Use Cases, End-to-End Delivery, Upkeeping and Maintenance of AI-ML Use Cases and its platform.

Business Use case scouting and identification with business value. ➢ End-to-End Delivery of Use cases – Approx. 15 Nos.

Upkeeping and Maintenance of deliveries and its platform

Interested companies meeting following criteria should respond to this EoI:

Turnover in each of the immediately preceding two financial years should be equal to or more than the estimated average annual contract value.

Positive net worth in each of the immediately preceding two financial years.

Liquidity ratio shall not be less than 1 in each of the preceding Two (02) financial years.

Minimum of 3 year’ experience End-to-End development and deliveries of AI-ML Projects on Azure Cloud.

Domain Expertise in Oil & Gas Upstream Sector/Manufacturing.

Participants are requested to submit the following pre-qualification documents as a minimum:

Letter of interest clearly indicating the project reference and detailed company organizational structure / information.

Details of Contracts/Purchase orders showcasing experience of Minimum of 3 years’ experience.

Company's financial performance documents (Audited Balance sheets and Profit and Loss statements, Auditors Report and

Notes to Accounts etc.) for last 2 (two) years. Latest financial statement should not be older than 12 months on the date of submission of response to Expression of interest.

Also, note-

Normally standalone financials of the bidding entity only will be considered. However, consolidated financials at the bidding entity level, if available, can also be submitted. Parent company or Affiliate’s financials can be submitted and considered, subject to submission of Parent/ Affiliate company guarantee. This should be clearly mentioned in the EoI response.

Evaluation will be done only based on the published annual reports / audited financials containing Auditor’s report, Balance sheet, Profit & Loss a/c and Notes to Accounts.

In case of unaudited statements (if there are no audit requirements for auditing of financials as per the local law), the financials shall be accompanied by a certificate from a Certified Accountant. Certificate should also mention the fact that there is no requirement of audit of the financials as per the local law.

All qualifications and exceptions brought out in Auditor’s report and Notes to Accounts would be factored in while undertaking financial evaluation.

The interested parties should evince interest to participate in the Expression of Interest by clicking on the “Evince Interest” link for the corresponding EoI listing on the Cairn Website i.e. http://www.cairnindia.com and submit their contact details online. Further to this, interested contractors would be invited to submit their response via Smart Source (Cairn’s e Sourcing Platform). The contractors would be requested, as a minimum, to submit the above documents and details for prequalification via Smart Source within Seven (7) days of publication of this EoI.



To download the latest issue 'Volume 30 Issue 22 - February 25, 2024', click here
Petro Intelligence [FREE Access]
MRPL: Asserting Its Bragging Rights
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Halving Of OMCs Budget And Unchanging Petrol And Diesel Prices: Are They Connected?
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Buy Assets In US And Swap Crude With Europe
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Cheap Crude Does Not Benefit PSU Refineries
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Foreign Investment
BW LPG Invests In LPG Storage
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Overseas Investment
ONGC Videsh Subsidiaries In Cyprus And Russia To Be Merged
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Gas Scene
Sector-wise Consumption Of Natural Gas
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Higher LNG Imports Elevate Natural Gas Consumption Level in January 2024
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Near Total LPG Penetration Achieved
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India’s Fluctuating Gas Import Dependency
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Gas Transportation Major GAIL’s Physical Performance
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Region wise Power Supplied vs requirement for January 2024
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Impressive Growth In Petroleum Products Consumption
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Exports, Imports Of Petroleum Products In January Maintain The Normal Growth Pattern
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Analysis of crude oil processed by Indian Refineries in January 2024
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Russia Retains 37% Share In India’s crude imports, OPEC Share Down Further
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Indian Crude Basket Prices In January 2024
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Consumption Growth In Diesel, Petrol, Jet Fuel, LPG
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Fuel & Loss In Indian Refineries
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Tenders [FREE Access]
Cairn India
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