Tender Documents - Oil India Limited

1.13 “Facility” means and includes all property of Company owned or hired, to
be made available for services under this Contract and as described in this
agreement which is or will be a part of the Company.
1.14 “Certificate of Completion” means certificate issued by the Company to the
Contractor stating that he has successfully completed the jobs/works
assigned to him and submitted all necessary reports as required by the
Company.
1.15 “Base camp” means the camp where the Contractor‟s personnel shall reside
for carrying out the operations along with specified Company‟s personnel as
per the contract.
1.16 “Inter-location movement” means transferring of complete rig materials
from present location after rig release till the completion of rig up at the
next location and the well is ready for killing after preparation of killing
fluid.
1.17 “Work over Operation” means all operations required to be carried out
pursuant to this contract.
2.0 MOBILIZATION
2.1 The mobilization of the Work over Unit and associated services shall
commence on the date of receipt of the „Letter of Award‟ awarding the
Contract and continue until the complete Work over unit is properly
positioned at the first location, rig-up of rig is completed and the well is
ready for killing operation.
2.2 The Contractor will advise readiness for commencement of mobilisation /
shipment to Company after the Effective Date, at least 3 days before actual
mobilisation / shipment commences.
2.3 Mobilization charges will be payable after the commencement date as
certified by the Company.
2.4 Company at its discretion may allow commencing the operation without
complete mobilization, however necessary deduction for short supplied
items will be made as per cost evaluated by OIL.
(i)
(ii)
(iii)
For any items supplied by the Company, rental will be calculated
after amortizing the cost of the item over a period of 5 years applying
15% PTRR (Post tax rate of return). Similar deductions will also be
made for short supplied items (neither supplied by Company nor by
the Contractor).
Deduction will be calculated based on Company‟s determined cost,
which shall be treated as final, basis of which shall provided to the
Contractor.
Notwithstanding this provision for partial mobilization bidder must
quote in accordance with relevant clauses for full mobilization.