Zhongman will supply mobile drilling rigs to UkrGasVydobuvannya for $12,5 mil

On October 2, 2018, UkrGasVydobuvannya announced the winner of their tender for procurement of 5 mobile drilling rigs with a 125 ton hook capacity each. The expected threshold price of the tender was set at UAH 434 mil including VAT. The delivery term was set as 300 days from the date of the official contract signing. This was the first tender by UkrGasVydobuvannya for procurement of mobile drilling rigs in this year.

The 4 bidders from China comping in the tender action were: Sichuan Honghua Petroleum Equipment Co. Ltd; Zhongman Petroleum and Natural Gas Group Corp., Ltd; China Petroleum Technology & Development Corporation; Yantai Jereh Petroleum Equipment & Tecgnologies Co Ltd, while withstanding the Cyprus-based Redditizio Limited.

The official opening of final bid proposals showed that Sichuan Honghua Petroleum Equipment’s offered the best quotes. Yet, their proposal was disqualified because of non-compliance of their solicitation documents to the requirements of the tender. So, the award was given to the next competitive proposal, as cited by Zhongman Petroleum and Natural Gas Group, whilst committing to do the procurement for UAH 351 mil including VAT.

17:31 / 2 October, 2018

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