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                                 MUMBAI REGION
                  Offshore Logistics Group: Materials Management
                        7TH FLOOR 11HIGH OFFICE COMPLEX,
                  BANDRA-SION LINK ROAD, MUMBAI-400 017 (INDIA)
      TEL NO. 91-22-24088000/24088723/24088722 , FAX NO.: 91-22-2408 9796/ 8500


Ref No: MR/MM/OLG// EOI-Bareboat Charter/MSV& OSV/2010

General Manager-I/C-MM, Offshore Logistics, 7th Floor, 11 High Office Complex
Bandra-sion link road, Mumbai-400 017 (India) invites following Expression of
Interest as per details given below:

ONGC owns Multi Support Vessels S. Sevak & S. Prabha which are so far managed
through O&M contracts. ONGC is constructing 12 new OSVs at PipavShipYard &
these vessels are likely to be available for operation during Oct-Dec 2011.

ONGC intends to
     (a) Give above MSVs on bareboat cum demise charter & charter them back
         for ONGC operations for specified period for MSVs. Thereafter vessel
         ownership will also be transferred to the company to whom bareboat cum
         demise contract is awarded.

      (b) Give these OSVs on bare boat or bareboat cum demise charter &
          charter them back for ONGC operations for specified period for OSVs

ONGC seeks Expression of Interest (EOI) from prospective bidders to develop the
concept and finalize tendering modalities.

Details of the vessel in a power point presentation are available at Prospective bidders are requested to make a
presentation covering following:

     Company profile & organizational set up
     Viability of concept for captioned vessels.
     Methodology of handing over including status verification and defect liability.
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     Charter terms & conditions covering bareboat rate payable to ONGC.
     Performance linked adjustments in charter rate, downtime maintenance provisions.
     Method of ownership transfer.
     Liabilities of the parties during charter period covering unforeseen events
      like loss of vessel, non performance by contractor, etc.
     Bidding & Evaluation methodology ( NPV/ total outgo from ONGC, etc)
     Criteria for selection of Potential bidders.
     Other points as indicated in ONGC presentation

The prospective bidders are required to submit their company profile,
organizational set up and approach paper in power point presentation form latest by
25th May 2010 addressed to GM (MM),7th floor, 11 High, ONGC, Bandra-Sion Link
Road, Mumbai – 400 017,INDIA fax no: 91-22-24089796/24088500/24088600.

The Expression of Interest Meet shall be held on 10.06.2010. The shortlisted
bidders will be informed separately by fax/e-mail by 01.06.2010 about the time &
venue . They will be requested to give a presentation on the above lines

ONGC reserves the right to accept, reject, or modify the suggestions presented in
the EOI Meet while formulating the final specifications and BEC

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