KUALA LUMPUR (Nov 16): RAMUNIA HOLDINGS BHD [] and its joint venture partner had declined to take part in the re-tender of the well head platforms project due to the long protracted delay in the issuance of the notice of award.
Ramunia said on Wednesday this was despite that Ramunia's unit Ramunia Fabricators Sdn Bhd and SEW Infrastructure Ltd (India) joint venture was declared the lowest compliant bidder on Aug 30, 2011, beating five other international consortia and one disqualified bidder.
It was explaining the reason why it declined to take part in the re-tender exercise of the development of the WO-16 cluster and SB-14 well head platforms project.
Ramunia said there was a 'long protracted delay in the issuance of the notice of award by the Oil & Natural Gas Corporation Ltd (ONGC) from Sept 2, 2011 up to Nov 11, 2011'.
Ramunia said on Wednesday this was despite that Ramunia's unit Ramunia Fabricators Sdn Bhd and SEW Infrastructure Ltd (India) joint venture was declared the lowest compliant bidder on Aug 30, 2011, beating five other international consortia and one disqualified bidder.
It was explaining the reason why it declined to take part in the re-tender exercise of the development of the WO-16 cluster and SB-14 well head platforms project.
Ramunia said there was a 'long protracted delay in the issuance of the notice of award by the Oil & Natural Gas Corporation Ltd (ONGC) from Sept 2, 2011 up to Nov 11, 2011'.
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