Global Expression of Interest (EoI) under International Competetive Biddding (ICB) for supply of Shallow Water Offshore Jackup Rig.

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 & gas, renewable energy, display glass, semiconductor, mining, and smelting. Vedanta is one of the leading players in the market.

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 more than a quarter of India’s domestic crude oil production and a vision to produce 50% of India’s oil and gas production.

Cairn Oil & Gas on behalf of itself and Joint Venture (JV) partner(s) invites interested contractors to express their interest to participate in International Competitive Bidding (ICB) process for “Supply of Shallow Water Offshore Jackup Rig.” This is in addition to the EoI published in May 2023.

Service Requirements

Provision of a Jack-Up drilling unit and crew for exploration, appraisal, workover, drilling, completion, and abandonment of wells requiring open water operations and interfacing with existing production facilities on East and West coast of India.

Jack Up Drilling Unit Minimum Requirements

• Inspection/ Certification: IADC, DGS, OISD, MODU compliant
• Power rating: Minimum 1500HP
• Water Depth Rating: 10 - 80m
• BOP Rating: 10,000psi
• System Pressure Rating: 5000psi
• Expected Start Date: CY Q2 / Q3 2024
• Expected Duration Minimum 1 Year, up to 5 years will be considered for award based on commercial terms and rig suitability

Drilling Units/ Companies that currently do not meet all the above minimum requirements and are willing to modify or upgrade their drilling units to comply with the minimum requirements may participate in this EOI.

Interested parties who meet the financial and can potentially meet the minimum technical criteria specified in this EOI are requested to submit the below details via Company Smart Source portal.

• Details Required
• Specification of the rig
• Current working condition (Active/ Warm stacked/ Cold stacked) Current location
• Earliest availability of rig (Starting date)
• Sensitivity: Internal (C3)

The interested parties should evince interest within Twenty-One (21) days from publication 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). Interested parties would be requested, as a minimum, to submit the above documents and details for prequalification via Smart Source.