INVITATION FOR BIDS

Oil India Limited (OIL) invites Competitive Bids for the following services from reputed
and eligible Indian bidders only, under Single Stage Two Bid System, for its Rajasthan

           Tender No.                  : RPI/2299/RIG Dated 26.05.2008
           Tender Fee                  : Rs.4500.00 (Non-refundable)
           Bid Closing Date & Time     : 01st July 2008 & 15:00 HRS (IST)
           Bid Security                : Rs. 1, 00,000.00

Services : Charter Hire of one work-over Rig Package (150 HP minimum) complete with
           operating crew for carrying our work-over operations in maximum two (2)
           wells in the district of Jaisalmer in western Rajasthan.

Non-transferable bid documents can be obtained from any of the following offices of OIL
on application and payment of non-refundable tender fee (PSU & SSI Units are
exempted) as indicated above through crossed demand draft drawn in favour of Oil India
Limited and made payable at Jodhpur/Kolkata/New Delhi. Tender documents will be on
sale from 2nd June, 2008 till one day prior to the scheduled Bid Closing Date.

   (i)        GGM (RP) , OIL, 12 Old Residency Road , Jodhpur-342011
   (ii)       SA (C&P), OIL, Plot No. 19, Sector-16A, Noida-201 301, U.P.
   (iii)      Head (Kolkata Br.), OIL, 4-India Exchange Place, Kolkata-700001.

OIL reserves the right to refuse issue of tender documents to such parties about whose
competence, OIL is not satisfied. Company’s decision in this regard shall be final. OIL
also reserves the right to reject any/all bids and cancel the tender without assigning any
reason whatsoever.

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