OGDCL rigs tender bidding process has been concluded strictly in accordance with the terms and conditions of the tender enquiry while following the PPRA Rules. The bidders were evaluated as per the given criterion and after necessary processing the lowest evaluated bidder has been awarded the contract i.e. the contract has been awarded to the technically qualified and financially lowest bidder.
The distorted information as reported suggests that this has been done at the behest of some interested party and is thus motivated. We have reasons to believe that this is a sponsored arrangement and done with the objective of changing or influencing the final outcome of the bidding process.
It is imperative to mention that OGDCL is the largest listed company of the Country and is also listed on the London Stock Exchange. The company has shown impressive growth in terms of recoverable reserves, production and revenues. The pattern of growth witnessed by the company has necessitated augmenting its exploration infrastructure and minimizing reliance on rental equipment and rigs. In furtherance of this concept the company embarked on the course of acquiring rigs to improve its fleet and drilling capability. It is an attempt to understand the transaction has played in the hands of some elements who have direct interest in this matter and are willing to go to any length for achieving personal benefits disregarding national interest, truth and facts.
It may be added that unprofessional, biased and concocted reporting retards investor confidence and can potentially impair growth of any commercial undertaking; therefore impartiality, independence, research, reason and professionalism are conditions precedent for investigative journalism. The objective should be to inform the public and not spread rumors and disappointment by relying on unsubstantiated, wrong, motivated and mischievous material.
OGDCL rigs bidding process in accordance with PPRA rules
