|
Global
Expression of Interest Under International Competitive Bidding (ICB) for
Subsurface Concept And Front-End Engineering Design (FEED) for the Bhagyam
Field in, Rajasthan, India.
Cairn Oil & Gas,
Vedanta Ltd., is India's largest private oil and gas exploration and production
company having current interest in 62 blocks and accounting for a quarter of
India's domestic crude oil production. Cairn Oil & Gas has a vision to
achieve 50% of India's hydrocarbon production and contribute to India's energy
security.
Cairn Oil &
Gas, Vedanta Ltd on behalf of itself and Joint Venture (JV) partner(s) invites
global Companies and/or Consortiums with proven capabilities and demonstrated
performance in similar requirement for Expression of Interest (EoI) as per
specific pre-qualification to participate in the International Competitive
Bidding (ICB) process for the production enhancement studies and preparation of
Integrated Development Plan (IDP) for the entire Bhagyam field within
RJ-ON-90/1 block, Rajasthan, India.
Brief Scope Of
Work
Bhagyam field is
one of the three major onshore fields in Barmer Basin in Rajasthan state of
India. Bhagyam has oil in place of 523 mmboe (STOIIP) out of which only 75
mmboe (14%) has been recovered. Bhagyam produces approximate 12000 boepd and
have 160 wells in operations. Operator wishes to increase recovery and
production from Bhagyam using latest recovery techniques and technology.
The Scope
consists of 2 steps:
-
To develop a subsurface concept to
target ultimate recovery from Bhagyam field to 50% of STOIIP
-
The FEED for selected subsurface concept
Company will
prefer partners who can execute both steps of the scopes independently or
through a consortium of partners and successfully deliver the scope as an
integrated solution.
Specific
Pre-Qualification Criteria
Please note the
below criterion which shall be used for preliminary short listing of bidders
for future tenders. The Company reserves the right to modify these criteria based
on tender specific requirements, which shall be communicated to vendors
appropriately.
-
Interested parties to demonstrate its
capability and experience in relevant similar projects in Oil and Gas in
preceding five (05) years.
-
Companies and/or Consortium should have
experienced personnel in different Subsurface and Surface disciplines to carry
out the type of studies mentioned in brief scope.
-
Companies and/or Consortium should have
experience in preparation of chemical EOR (polymer, ASP) subsurface concept
including laboratory studies review, reservoir simulation etc.
-
Companies and/or Consortium should have
experience in Surface option screening and preparing surface facility
development concept including adequacy studies and in brown field environment.
-
Annual Turnover in each of the
immediately preceding two (02) 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 in each of the preceding
two (02) financial years shall not be less than one (01).
-
Bidders/ all Consortium partners shall
not be under liquidation, court receivership or other similar proceedings.
Notes:
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 on the basis of the published annual reports / audited financials
containing Auditor's report, Balance sheet, Profit and 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 evaluation
shall be done at the tender stage and the criteria(s) mentioned above are for
reference only.
Participants are
requested to submit following documents as a minimum:
-
Letter of interest clearly indicating
the project reference and detailed company organisational
structure/information.
-
Details of projects/studies undertaken
in last five (05) years.
-
Brief list of key personnel and
experience level who could potentially be capable of carrying out the study.
-
Company's financial performance
documents (Audited Balance sheets and Profit and Loss statements, Auditors
Report and Notes to Accounts etc.) for last two (02) years. Latest financial
statement should not be older than 12 months on the date of submission of
response to Expression of Interest.
The interested
companies/consortiums should evince interest to participate in the Expression
of Interest by clicking on the "Evince Interest" link against the corresponding
EoI listing on the Cairn website i.e. http://www.cairnindia.com and submit
their contact details online. Further to this, interested parties/
Bidders/companies/consortiums would be invited to submit their response via
Smart Source (Cairn's e-Sourcing Platform).
The interested
bidders should "Evince interest" to participate in EoI within 7 days of
publication of Expression of Interest.
To download the latest issue 'Volume 31 Issue 18&19 - Dec 25, 2024 & Jan 10, 2025', click here |
