Events Details
Header Details
- Number- 27
- Company
- Oil and Natural Gas Corporation Limited
- Department
- ONGC Natural Gas
- Name
- E-AUCTION FOR SALE OF GAS FROM North Karanpura Block against ONGC/RFP/CBM/NK/05
- Description
- E-AUCTION FOR SALE OF GAS FROM North Karanpura Block against ONGC/RFP/CBM/NK/05
- Base Currency
- USD
- Auction Type
- Forward Auction
- Remarks
--
Time Parameters
- Auto Extension
- All Items
- No of Extension
- Unlimited
- Auto Extend By Time (Min)
- 15
- Auto Extend When Time (Min)
- 5
- Auto Extend Type
- End Time
- Is Staggered Applicable?
- No
Price Parameters
- Pricing Term
- Per Unit
- Number of Decimals Allowed in Price
- 2
- Opening Price As Bid Starting Price
- Yes
- First Bid Period Applicable
- Yes (Duration: 60 Mins)
- Allocated Price Tie Not Allowed
- Not Applicable
- Price increase with volume
- Not Applicable
- Sealed Bid in Multiple of Increment Value
- Not Applicable
- Is dsc Applicable?
- Yes
Display Parameters
- Anonymity To Auctioneer
- Yes
Added Items
| Sr. No. | Item Name | Category | Description | Quantity / UOM | Min Quantity | Max Quantity | Min Gas Offtake (In Days) | Max Gas Offtake (In Days) | Opening Premium Over Reserve Price (USD/MMBTU) |
Quantity Increment | Price Increment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SALE OF GAS FROM North Karanpura Block | Natural Gas | SALE OF GAS FROM North Karanpura Block | 15000.00 / SCMD | 5000.00 | 15000.00 | 1.00 | 30.00 | 0.10 | 5000.00 | 0.10 |
Reserve Gas Price plus quoted premium,
subject to a Floor Price :
Reserve gas price
12% * Dated Brent Price
Floor price shall be Domestic Gas Price (i.e
10% of Indian Crude Basket Price) plus
$1/MMBTU (mark up) + premium
Define Fees
| Fee Type | Is Applicable | Selection Type | Is Mandatory | Amount | Amount In Words |
|---|---|---|---|---|---|
| EMD Fees | Yes | Auction Wise | Yes | 700000.00 | |
| No. Of EMD BGs | No | - | |||
Sealed Bid Calendar
| Particular | Start Date & Time | End Date & Time |
|---|---|---|
| Bid Submission | 2025-05-24 08:30:00 | 2025-06-13 17:00:00 |
| Pre-Bid Clarification | 2025-05-24 08:31:00 | 2025-06-02 17:00:00 |
| Bid Opening | 2025-06-17 10:00:00 |
Auction Documents
Download All Documents| Document Name | View |
|---|---|
| Auction Notice |
|
Documents Required from Vendors/Suppliers
| Sr. No. | Particulars |
|---|---|
| 1 | Acknowledgment of bidding document as per Appendix 1 |
| 2 | Bid Submission Proforma as per Appendix 2 |
| 3 | Confirmation Checklist as per Appendix 3 |
| 4 | Proforma certificate on relatives of Directors of ONGC to be submitted pursuant to Sections 184 and 188 of Companies Act, 2013 as per Appendix 4 |
| 5 | Undertaking regarding Fraud Prevention Policy of ONGC as per Appendix 7 |
| 6 | An undertaking, as per the format provided in Appendix 8, stating that it has obtained/ will obtain all the necessary statutory/regulatory permissions, NOC, compliances from the relevant entities/authorities etc. before commencement of gas offtake. |
| 7 | An undertaking, as per the format provided in Appendix 8A, declaring that the aggregate gas requirement from each of the facilities will be greater than 50,000 SCMD |
| 8 | A declaration, as per the format provided Appendix 9, to the effect that neither the bidder themselves, nor any of its allied concerns, partners or associates or directors or proprietors involved in any capacity (the “bidder group”), are currently serving |
| 9 | A signed copy of the Integrity Pact, as per the format provided in Appendix 10 |
Terms & Conditions
Terms & Conditions will be as per the RFP & GSA. |