| Subir Raha, chairman and managing director, said that these 'vendors or supply contractors who are with ONGC for the past 30 years continue to violate ethics frequently and resort to political intervention for contracts which slows down of the tender process. The bidders also try to sabotage the process by deliberately seeking deviations from normal procedures." Raha made the statement at the inauguration of the 11th Indian Oil and Gas Review symposium here. |
| Such procedures and tactics adopted by vendors would force ONGC to permanently ban such bidders. "This is not a warning but a genuine concern," he added. |
| Raha pointed out that bidders and the corporation hold one or two pre-bid conferences to clear details about contract and there are no further deviations or exceptions or changes needed. |
| However, the same contractors seek for deviations and compalin that the bidding takes a long process, Raha added. |
| ONGC has about $2 billion worth of project in implementations stage. In 2005-06, the net increase in ONGC's production will be around 0.5 million tonne a year and by the end of the 10th five-year plan, the corporation is targeting annual increase of one million tonne per year. |
| Considering the 5 per cent decline in natural production, ONGC has been able to stabilise its production. "Excluding new discoveries, we have been able to have a growth of 5 per cent, a challenging task for any exploration and production company globally", he added. |
| Raha claimed that ONGC was focusing on small and marginal fields in production. He pointed out that globally 20 per cent of the oil production comes from 14 giant fields and 50 per cent of the remaining production comes from fields which produce 100,000 barrels of oil per day. |
| "We are increasing our focus on small and marginal fields to step up our production while continuing attention on big ones such as the Bombay High, Vasai and Gandhar fields," Raha added. |
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